UPDATE: Morgan Stanley Reiterates On Finish Line As Outlook Is Improving
In a report published Thursday, Morgan Stanley analyst Jay Sole reiterated an Overweight rating on Finish Line (NASDAQ: FINL), and raised the price target from $33.00 to $34.00.
In the report, Morgan Stanley noted, “FINL's most recent quarter indicated its outlook is brightening. We see 14% upside from the current stock price and a 2:1 risk/reward. Our $1.92 FY1 EPS estimate is high on the Street. We think FINL's 1.3x PEG ratio vs. the Softlines 1.5x group average represents compelling value.”
Finish Line closed on Wednesday at $29.94.
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