UPDATE: Sterne Agee Downgrades Finish Line to Neutral on Anemic Core Growth

Sterne Agee lowers its rating on Finish Line FINL from Buy to Neutral. Price target and introduces a price target of $25. Sterne Agee notes, "We are downgrading FINL shares to Neutral from Buy as the company's increased spending is causing earnings growth to be below historical and peer levels. For FY16, the company is forecasting EPS of $2.50 (13% CAGR) with growth flat for FY13, +DD in '14 and midteens in '15 and '16. Consolidated revenue in FY16 is expected to reach $2.0B (11% CAGR)." FINL closed at $21.13 on Wednesday.