UPDATE: Credit Suisse Initiates Neutral, $22 PT on The Finish Line on Growth Outlook
Credit Suisse initiated coverage on The Finish Line (NASDAQ: FINL) with a Neutral rating and a price target of $22 a share.
Credit Suisse commented, "Why Neutral? We highlight three reasons: (1) FINL's lower relative EPS growth versus industry peers may limit valuation upside for the stock; (2) 2013 estimates already appear to embed accelerating sales growth, margin gains, and higher EPS growth as the company gets over the investment hump; and (3) our analysis of the digital growth opportunity suggests that achieving mid-teens margins could be challenging over the next few years."
The Finish Line closed at $23.78 on Thursday.
Latest Ratings for FINL
|Nov 2015||Wells Fargo||Initiates Coverage on||Market Perform|
|Oct 2015||Brean Capital||Initiates Coverage on||Hold|
|Oct 2015||JP Morgan||Maintains||Neutral|
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