Market Overview

UPDATE: Citigroup Downgrades Finish Line to Neutral on Near-Term Uncertainty

Share:
Related FINL
Mid-Afternoon Market Update: Dow Tumbles 550 Points; Gold Up 4.5%
Finish Line Is A Bright Spot In A Bleak Day
Squeeze Me, Come On And Squeeze Me: Why Finish Line Rallied Over 20% (Seeking Alpha)

Citigroup reduced its rating on Finish Line (NASDAQ: FINL) from Buy to Neutral and reduced its price target from $30 to $20.

Citigroup noted, "We are downgrading FINL to Neutral from Buy given the lack of potential positive catalysts over the next several qtrs. While we continue to believe FINL is strongly positioned for the longer term w/its premium offering & omni-channel investments, we expect the co's Q3 miss and reduced outlook to weigh on FINL shares for the near-term. In addition, Macy's startup expenses will likely weigh on results for the next several qtrs. We would be more interested in getting back involved once: a) the co. improves its mix, and b) Macy's starts to contribute."

Finish Line closed at $17.94 on Friday.

Latest Ratings for FINL

DateFirmActionFromTo
Mar 2016CitigroupMaintainsBuy
Mar 2016BB&T CapitalUpgradesHoldBuy
Mar 2016Monness Crespi HardtUpgradesNeutralBuy

View More Analyst Ratings for FINL
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (FINL)

View Comments and Join the Discussion!