Market Overview

UPDATE: Bank of America Upgrades Finish Line as Running Pipeline Should Drive Upside

Related FINL
Benzinga's Top Upgrades
Piper Jaffray Upgrades Finish Line To Overweight
Finish Line 1Q Profit Doubles to Top Views (Fox Business)

In a report published Tuesday, Bank of America analyst Robert F. Ohmes upgraded the rating on Finish Line (NASDAQ: FINL) from Underperform to Buy, and raised the price target from $22.00 to $30.00.

In the report, Bank of America noted, “We are upgrading Finish Line to Buy (from Underperform). While the Macy's expense ramp-up should continue to pressure near-term operating margins, we are more constructive on FINL shares given: (1) improving running footwear pipeline which should drive improved comps, and (2) better than expected sales ramp-up of Macy's in-store concepts for Holiday. We are raising our PO to $30 (from $22), 16x our unchanged F2015E EPS of $1.85, which is slightly above FINL's historical P/E.”

Finish Line closed on Monday at $25.41.

Latest Ratings for FINL

DateFirmActionFromTo
Oct 2014Piper JaffrayUpgradesNeutralOverweight
Oct 2014JP MorganMaintainsNeutral
Sep 2014CitigroupMaintainsNeutral

View More Analyst Ratings for FINL
View the Latest Analyst Ratings

Posted-In: Bank of America Robert F. OhmesAnalyst Color Upgrades Analyst Ratings

 

Related Articles (FINL)

Around the Web, We're Loving...

Get Benzinga's Newsletters