Genesco appears set up well on easy comparisons, says RW Baird Baird Genesco as a well managed company after meeting with management. The firm believes the company may be set up well based on easy comps if sales accelerate. Baird sees multiple expansion even with modest comp acceleration. Shares are Outperform rated with a $90 price target.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Estee Lauder (EL) initiated with an Overweight at Atlantic Equities... Genesco (GCO) initiated with a Neutral at B. Riley... Gilead (GILD) initiated with an Outperform at Oppenheimer... Square (SQ) initiated with a Neutral at SunTrust.