Jefferies Raises the Price Target on Finish Line (FINL) Following Managements Call to Action

Jefferies reiterates a Buy rating on Finish Line (NASDAQ: FINL), and raised the price target to $31.00 (from $29.00), following managements call to action. Analyst Edward Plank says FY16 is showing early promise as 1Q results beat on nearly every metric.

Plank commented, "Following a few quarters of choppiness, mgmt's call to action for operational discipline is beginning to deliver results as the turnaround takes clearer shape. With FY16 off to a better than expected start, we are optimistic FINL can execute improvements to its core biz through stronger merchandising and supply-chain functionality, while also aligning its smaller Macy's and RSG divisions for future EBIT growth. Reiterate Buy, PT to $31."

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 $28.25 yesterday.

You May Also Be Interested In

• Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR18 at JPMorgan
• Oxford Industries (OXM) PT Lowered to $40 at UBS Amid Top-line Weakness
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen