Jefferies Says Buy Finish Line (FINL) On Weakness on Q4 Purge

April 3, 2012 7:45 AM EDT
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Price: $13.51 --0%

Rating Summary:
    3 Buy, 22 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Jefferies reiterated their Buy rating but trimmed their price target on Finish Line (NASDAQ: FINL) following their trading call into 4Q that did not materialize. The firm surprised the market with an with an accelerated level of investment from an elevated base, the firm notes.

"That said, we believe the stock is set to outperform as investment intentions are now entirely on the table," the analyst commented. "The introduction of EPS guidance allows the company to better manage expectations. We do see upward EPS bias and flow-through on better sales going forward."

FY12 EPS goes from $1.81 to $1.65.

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 $21.12 yesterday.


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