Canaccord Genuity Reiterates a 'Buy' on Finish Line (FINL); Q2 Preview: Looking for Comp and Margin Upside
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Price: $13.51 --0%
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target of $24.00.
Canaccord analyst, Camilo Lyon, said, "FINL will report FQ2 results on Thursday (9/22) after market close with a conference call the next day before the open. Given the consistent strength in the lightweight running category coupled with a solid basketball release schedule from Nike (NYSE: NKE), we believe FINL is poised to post solid Q2/11 results."
"Last year’s inventory issue is this year’s comp opportunity: In FQ2/10, FINL had insufficient supply of Nike product resulting in out-of-stocks and lost sales. We believe these supply chain bottlenecks have lessened and thus should result in a comp gain opportunity with potential upside to our 8% estimate."
For more ratings news on Finish Line click here and for the rating history of Finish Line click here.
Shares of Finish Line closed at $20.75 yesterday.
Canaccord analyst, Camilo Lyon, said, "FINL will report FQ2 results on Thursday (9/22) after market close with a conference call the next day before the open. Given the consistent strength in the lightweight running category coupled with a solid basketball release schedule from Nike (NYSE: NKE), we believe FINL is poised to post solid Q2/11 results."
"Last year’s inventory issue is this year’s comp opportunity: In FQ2/10, FINL had insufficient supply of Nike product resulting in out-of-stocks and lost sales. We believe these supply chain bottlenecks have lessened and thus should result in a comp gain opportunity with potential upside to our 8% estimate."
For more ratings news on Finish Line click here and for the rating history of Finish Line click here.
Shares of Finish Line closed at $20.75 yesterday.
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