Mizuho Securities Starts Finish Line (FINL) at Buy

Mizuho Securities initiates coverage on Finish Line (NASDAQ: FINL) with a Buy rating and a price target of $29.00.

Analyst Alex Pham commented, "We are initiating on FINL with a Buy Rating and $29 PT as we believe the company is in the early stages of a “self-help” program with multiple levers to drive margin improvement and grow EPS. Even with traffic headwinds, we believe it is wellpositioned with strong brand support, leaner inventory & supply chain benefits, store closures, improving shop-in-shop productivity, and strong profitability in eCommerce. Our $29 PT reflects an in-line multiple of 16x on our FY17 EPS forecast of $1.80 given clear earnings visibility."

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 $23.47 yesterday.

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