Market Overview

UPDATE: Goldman Sachs Lowers PT on The Finish Line Following Lowered SSS/EPS Estimates

Share:
Related FINL
CNBC's Stock Pops & Drops From April 23
Why Piper Jaffray Is Raising Under Armour's PT To $90

In a report published Friday, Goldman Sachs analyst Taposh Bari reiterated a Neutral rating on The Finish Line (NASDAQ: FINL), but lowered the price target from $22.00 to $20.00.

In the report, Goldman Sachs noted, “We are lowering SSS and EPS estimates for FINL on growing share loss to vendors' direct-to-consumer operations (notably Nike) and non-athletic channels like family footwear and department stores (which it is capturing some of through Macy's). We also lower our 12-month price target to $20 from $22 and remain Neutral rated on heightened execution risk as the company rolls-out Macy's shop-in-shops at an aggressive pace this year.”

The Finish Line closed on Thursday at $21.97.

Latest Ratings for FINL

DateFirmActionFromTo
Mar 2015CitigroupMaintainsNeutral
Mar 2015Monness Crespi HardtUpgradesNeutralBuy
Mar 2015B RileyDowngradesBuyNeutral

View More Analyst Ratings for FINL
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Taposh BariAnalyst Color Price Target Analyst Ratings

 

Related Articles (FINL)

Around the Web, We're Loving...