Market Overview

Gilford Securities Reiterates Buy Rating on Finish Line

Share:
Related FINL
New Test Shows Nike Dominating Foot Locker And Finish Line In Delivery Times
Finish Line Shares Rally After Earnings; Analysts Leaning Toward Bullish Side
Finish Line: Q4 Was (Much) Worse Than It Looked (Seeking Alpha)

In a report published Monday, Gilford Securities reiterated its Buy rating on Finish Line (NASDAQ: FINL).

Gilford Securities noted, “An alliance with Macy's creates a long-term opportunity that enhances FINL's investment appeal, resulting in upside potential that appears to outweigh the downside risk. Use weakness in FINL's shares as a buying opportunity, in our opinion...The slump for running shoes creates uncertainty for the next several quarters, but inventories and expenses are being adjusted quickly to mitigate risk to profits. We assume profits from the Finish Line stores will stabilize if sales are up modestly. This should set the stage for a profit rebound by Finish Line stores as the Macy's venture becomes profitable.”

Finish Line closed on Friday at $17.45.

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: Gilford SecuritesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (FINL)

View Comments and Join the Discussion!