Jefferies Cuts PT on Finish Line (FINL) Ahead of Results, Maintains Buy Rating
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Price: $22.21 +2.16%
Rating Summary:
5 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Rating Summary:
5 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Trade FINL Now!
Jefferies cut its price target on Buy-rated Finish Line (NASDAQ: FINL) from $28 to $25 ahead of Q1 results.
The firm comments, "We expect 1Q earnings (Thursday 6/28 AM) to be an event despite the fact that the company already pre-announced the quarter's SSS and EPS at its analyst day on 5/30. Areas of key focus will be 1) June-to-date SSS trends, 2) 2Q SSS and EPS guidance 3) SG&A dollar growth in 1Q and 4) updated SG&A guidance for FY. We continue to see value in FINL where sentiment is overly negative and the much maligned investment cycle has peaked."
FY13 EPS goes from $1.65 to $1.67 and FY14 from $1.87 to $1.88.
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 $18.41 yesterday, with a 52 week range of $16.42-$26.16.
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The firm comments, "We expect 1Q earnings (Thursday 6/28 AM) to be an event despite the fact that the company already pre-announced the quarter's SSS and EPS at its analyst day on 5/30. Areas of key focus will be 1) June-to-date SSS trends, 2) 2Q SSS and EPS guidance 3) SG&A dollar growth in 1Q and 4) updated SG&A guidance for FY. We continue to see value in FINL where sentiment is overly negative and the much maligned investment cycle has peaked."
FY13 EPS goes from $1.65 to $1.67 and FY14 from $1.87 to $1.88.
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 $18.41 yesterday, with a 52 week range of $16.42-$26.16.
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