Jefferies Boosts Target on Finish Line (FINL) to $29
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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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Jefferies raised its estimates and price target on Buy-rated Finish Line (NASDAQ: FINL) from $25 to $29.
The firm comments, "We recommend buying FINL ahead of 4Q earnings this Friday. Strong sales momentum should drive continued upward EPS revisions. Most importantly, we think 4Q presents an opportunity for the company to positively surprise on margins. This would be a pleasant surprise and relieve FINL of the criticism that it can't translate strong sales into better earnings flow-through."
FY12 EPS goes from $1.61 to $1.62 and FY13 from $1.75 to $1.81.
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 $25.24 yesterday.
The firm comments, "We recommend buying FINL ahead of 4Q earnings this Friday. Strong sales momentum should drive continued upward EPS revisions. Most importantly, we think 4Q presents an opportunity for the company to positively surprise on margins. This would be a pleasant surprise and relieve FINL of the criticism that it can't translate strong sales into better earnings flow-through."
FY12 EPS goes from $1.61 to $1.62 and FY13 from $1.75 to $1.81.
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 $25.24 yesterday.
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