Skip to main content

Market Overview

UPDATE: Goldman Sachs Downgrades Finish Line Following Mixed 2Q Earnings Report


In a report published Tuesday, Goldman Sachs analyst Taposh Bari downgraded the rating on Finish Line (NASDAQ: FINL) from Neutral to Sell, but raised the price target from $20.00 to $22.00.

In the report, Goldman Sachs noted, “FINL's 2Q earnings, while above consensus, did not quell broader concerns we raised on August 8 when we downgraded FL to Neutral and lowered estimates on FINL. These include 1) broader US athletic footwear distribution, 2) slower sell-through beyond a handful of marquee styles, and 3) execution risk around an aggressive and potentially cannibalistic Macy's shop-in-shop roll out. With FINL's P/E now at a 2 1/2 year high and a 24% premium to FL, we downgrade FINL shares to Sell from Neutral and see 12% downside risk to our revised $22, 12-month price target. This compares to an average 5% upside for the rest of our coverage group.”

Finish Line closed on Monday at $24.87.

Latest Ratings for FINL

Jun 2018Bank of AmericaTerminatesNeutralNeutral
Jun 2018Cowen & Co.TerminatesMarket PerformMarket Perform
Mar 2018CitigroupUpgradesSellNeutral

View More Analyst Ratings for FINL
View the Latest Analyst Ratings


Related Articles (FINL)

View Comments and Join the Discussion!

Posted-In: Goldman Sachs Taposh BariAnalyst Color Downgrades Analyst Ratings

Latest Ratings

STSACredit SuisseUpgrades6.5
RPAYWells FargoUpgrades29.0
ATNXSVB LeerinkDowngrades5.0
XENESVB LeerinkMaintains28.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at