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Fly News Breaks for December 9, 2015
FINL
Dec 9, 2015 | 06:12 EDT
Piper Jaffray analyst Erinn Murphy downgraded Finish Line to Neutral after her firm's survey of over 220 athletes indicated that traffic continues to shift to online. Only 1% of athletes like to shop at mall-based retailers, down from 5% one year ago, Murphy tells investors in a research note, citing the survey. She views Finish Line shares as a "value trap" and cut her price target for the name to $18 from $25.
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