Market Overview

UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Finish Line

Share:
Related FINL
Watch These 10 Huge Call Purchases In Thursday Trade
Benzinga's Option Alert Recap From February 1

In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Finish Line (NASDAQ: FINL), but lowered its price target from $23.00 to $20.00.

Credit Suisse noted, “FINL reports 3Q13 on Friday, and we believe the setup is difficult due to a combination of weaker running trends, problems with its new website during an important selling period, weather disruptions in Q3 and early in Q4, and upcoming expenses in Q4 related to the Macy's rollout. Therefore, we are lowering estimates for 2H13, and our price target to $20 (from $23). We are lowering our FY13/14/15 EPS estimates to $1.60/$1.81/$2.03 (from $1.68/$1.90/$2.11) respectively.”

Finish Line closed on Monday at $18.93.

Latest Ratings for FINL

DateFirmActionFromTo
Dec 2016Bank of AmericaDowngradesBuyNeutral
Dec 2016Canaccord GenuityDowngradesBuyHold
Dec 2016B. RileyDowngradesBuyNeutral

View More Analyst Ratings for FINL
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (FINL)

View Comments and Join the Discussion!