Canaccord Genuity Maintains a 'Buy' on Finish Line (FINL); Management Meeting Points to Strong Momentum

November 8, 2011 8:27 AM EST
Get Alerts FINL Hot Sheet
Price: $16.88 -1.34%

Rating Summary:
    9 Buy, 23 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Canaccord Genuity maintains a 'Buy' on Finish Line (NASDAQ: FINL) price target of $24.00.

Canaccord analyst Camilo Lyon, says, "Our meeting with FINL’s CEO Glenn Lyon and CFO Ed Wilhelm reaffirms our belief that the company is well positioned to continue leveraging the strength of the athletic footwear cycle. With a favorable ASP environment, a rapidly growing digital platform, and a compelling valuation, we reiterate our rating on the shares."

"NBA lockout is not impacting sales, nor is Nike (NYSE: NKE) changing its go-to-market strategy with respect to launches or advertising. College basketball and the Olympics are opportunities to showcase new basketball product should the lockout persist."

For an analyst ratings summary and ratings history on Finish Line click here. For more ratings news on Finish Line click here.

Shares of Finish Line closed at $20.22 yesterday.

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