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Morgan Stanley Reiterates Equal-Weight Rating on Finish Line

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In a report published Wednesday, Morgan Stanley reiterated its Equal-Weight rating on Finish Line (NASDAQ: FINL).

Morgan Stanley noted, “We believe this will be a key quarter for Finish Line as it will show investors the company's ability to manage SG&A spend while its comp is like slowing. Bears believe management will continue to spend despite softer comps. Trading at 10.1x NTM estimates, vs 12.4x three year average, some nervousness is priced in. However, in the current market it seems as though no real bad news is totally priced in. Given softening trends offset by cheaper valuation and growth prospects in CY2014 from the Macy's deal, we maintain our Equal-weight rating.”

Finish Line closed on Monday at $18.93.

Latest Ratings for FINL

DateFirmActionFromTo
Nov 2014FBR CapitalInitiates Coverage onMarket Perform
Oct 2014Piper JaffrayUpgradesNeutralOverweight
Oct 2014JP MorganMaintainsNeutral

View More Analyst Ratings for FINL
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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