UPDATE: Sterne Agee Upgrades Finish Line to Neutral, Removes PT on More Positive Outlook

In a report published Monday, Sterne Agee analyst Sam Poser upgraded the rating on

from Underperform to Neutral, but removed the $18.00 price target. In the report, Sterne Agee noted, “After being on the wrong side of the trade this year and after a recent meeting with management, we believe that the athletic footwear space is big enough for both Finish Line and Foot Locker. We continue to believe that Foot Locker will gain share due to a more compelling overall product assortment. That said, improvement in FINL's digital platform and the Macy's initiative lead us to upgrade the stock to Neutral.” Finish Line closed on Friday at $26.30.