Janney Capital Upgrades Finish Line (FINL) to Buy

Janney Capital upgraded Finish Line (NASDAQ: FINL) from Neutral to Buy with a price target of $30.00 (from $26.00) on improving product allocation and favorable risk/reward.

Analyst Eric Tracy commented, "We upgrade FINL from Neutral to Buy based on the following factors: (1) stabilization in overall running trends combined with better allocation of key product, (2) NT momentum of digital and Macy's partnership (expect improved profitability in 2H), (3) potential for stepped up buyback as capex moderates, and (4) attractive valuation/low expectations. Execution will be key to the turn, as keeping the inventory mix fresh is vital in capturing consumer mind/wallet share."

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 $25.31 yesterday.

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