Canaccord Genuity Reiterates a 'Buy' on Finish Line (FINL); Raising Numbers Ahead of Q4 Report
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Price: $13.51 --0%
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 20
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 20
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Canaccord Genuity reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target raised from $25 to $28.
Analyst, Camilo Lyon, said, "FINL will report Q4/11 results on Friday (3/30) before market open with a conference call at 8:30am EST. We are raising our Q4 estimate to $0.81 from $0.77 based on strong checks throughout the quarter and positive February commentary from Foot Locker (NYSE: FL). We believe accelerating comps in Q4 will result in greater EPS flow-through despite continued investments in the growth of its e-commerce platform. Looking to 2012, accelerating Nike (NYSE: NKE) North America futures point to continued momentum in the athletic footwear cycle boding well for FINL."
Lyon raises Q4 comp estimates from 5% to 7.7%, citing solid checks into basketball and running.
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.
Analyst, Camilo Lyon, said, "FINL will report Q4/11 results on Friday (3/30) before market open with a conference call at 8:30am EST. We are raising our Q4 estimate to $0.81 from $0.77 based on strong checks throughout the quarter and positive February commentary from Foot Locker (NYSE: FL). We believe accelerating comps in Q4 will result in greater EPS flow-through despite continued investments in the growth of its e-commerce platform. Looking to 2012, accelerating Nike (NYSE: NKE) North America futures point to continued momentum in the athletic footwear cycle boding well for FINL."
Lyon raises Q4 comp estimates from 5% to 7.7%, citing solid checks into basketball and running.
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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