Wedbush Has Outperform Rating On Finish Line (FINL)

Wedbush Has Outperform Rating On Finish Line (FINL) Wedbush has an Outperform rating and a $23 price target on shares of Finish Line FINL. In a note to clients, Wedbush writes, "We are raising our EPS estimate to 66¢ from 63¢ based on a comp assumption of 3.5% (up from 2%) and gross margin of 35.6% (up from 35.5%). Given the strong results from FL and DKS as well as continued strength in futures orders from NKE (+11% in NA), we believe the athletic cycle continues to power forward, particularly in running, boding well for FINL. We also are comforted by HIBB's comp rebound in February/March of +8% after what was a weak January for most retailers. We reiterate our OUTPERFORM rating on the shares and our $23 price target." Shares of FINL gained 35 cents yesterday to close at $17.58, a gain of over 2%.