Goldman Sachs Remains Cautious on Finish Line (FINL)

June 28, 2013 2:55 PM EDT
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Price: $17.63 +1.67%

Rating Summary:
    9 Buy, 23 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Goldman Sachs today maintained a Neutral rating on Finish Line (NASDAQ: FINL) and lowered its price target to $18.00 (from $19.00). On Friday Finish Line reported Q1 results that beat estimates. In the view of analyst Taposh Bari, this was an important step but risks remain high.

"While the further stabilization in SSS (1Q +2.4%) takes some of the risk out of the stock, we remain Neutral rated on heightened execution risk related to an aggressive Macy's roll-out and modest sales environment," said Bari. "We
continue to prefer Foot Locker (NYSE: FL) for those looking for athletic footwear exposure."

Goldman lowered 2013/2014/2015 estimates to $1.59/$1.77/$2.01 from $1.65/$1.81/$2.25.

For an analyst ratings summary and ratings history on Finish Line (NASDAQ: FINL) click here. For more ratings news on Finish Line click here.

Shares of Finish Line closed at $21.20 yesterday.

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