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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in