UPDATE: Credit Suisse Initiates Neutral, $22 PT on The Finish Line on Growth Outlook

Credit Suisse initiated coverage on The Finish Line 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.