Wedbush Starts Finish Line (FINL) at Outperform

Wedbush initiates coverage on Finish Line (NASDAQ: FINL) with a Outperform rating and a price target of $25.00.

Analyst Christopher Svezia commented, "We are initiating coverage of Finish Line (FINL) with an OUTPERFORM rating and $25 PT or 14x P/E. We believe the company can show modest margin improvement that could generate ~$2.30 in EPS by FY20 (15% CAGR). Leveraging its supply chain, benefits from store remodels, improved full priced sales, growth in digital, a profitable or divested Jack Rabbit are all factors largely not worked into this assumption and would only be additive. In addition, the current share repurchase authorization is equivalent to ~13% of the market cap. With shares trading at 11x P/E or a 14% discount to historical levels, investors give little value to the after mentioned factors."

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 $19.21 yesterday.

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