Deutsche Bank Starts Finish Line (FINL) at Buy; Running Ahead With Running Company

Deutsche Bank initiates coverage on Finish Line (NASDAQ: FINL) with a Buy. PT $28.00.

Duetsche analyst says, "FINL is well positioned to produce sustainable 20% EPS growth driven by (1) industry-leading MSD-HSD SSS, (2) strong occupancy leverage aided by robust e-commerce sales (~60% growth YOY), and (3) $5+ in cash per share (20% of market cap) that can be utilized for an accelerated buyback program. In addition, the recent acquisition of The Running Company adds to its high mix of running assortment which has secular tailwinds. While shares have traded well YTD, we see additional upside ahead and start at Buy."

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 $23.72 yesterday.

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