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FINL

Finish Line

$11.25

0.17 (1.53%)

15:49
09/28/17
09/28
15:49
09/28/17
15:49

Sports Direct in talks to buy Finish Line, NY Post says

Sports Direct, which already owns an 8% stake in Finish Line, is in negotiations to buy the company and a deal could be announced in the coming weeks, a source close to the situation told the New York Post. Finish Line shares are up 3% in late day trading following the Post's report. Reference Link

FINL Finish Line
$11.25

0.17 (1.53%)

09/18/17
09/18/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Finish Line (FINL) downgraded to Underweight from Neutral at Piper Jaffray with analyst Erinn Murphy saying she sees further downside risk to estimates. 2. United Continental (UAL) downgraded to Neutral from Buy at Buckingham with the firm's analyst cutting his 2018 pre-tax earnings forecast by 20% and expects the multiple to contract further as consensus estimates are reset lower. 3. Brooks Automation (BRKS) downgraded to Hold from Buy at Needham with analyst Y. Edwin Mok citing valuation. 4. Wipro (WIT) downgraded to Sell from Neutral at Goldman Sachs with the firm saying earnings growth stays anemic while valuation is rich. 5. Taubman Centers (TCO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill stating that while Taubman owns the highest quality portfolio of malls, its second quarter results showed its smaller portfolio may give it less negotiating leverage with retailers than peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/17
JEFF
09/19/17
NO CHANGE
JEFF
Jefferies cuts Nike target, says share loss to adidas accelerating
Survey work shows Nike (NKE) is ceding market share to adidas (ADDYY) in both Europe and the U.S. at an accelerating pace, especially in running, Jefferies analyst Randal Konik tells investors in a research note. The analyst's webscrape analysis shows Nike has 35 shoes in the top 60 sellers versus 52 last year, while adidas has risen to 24 styles, versus just 2 last year. Konik expects downward estimate revisions and multiple compression for Nike. He lowered his estimates for the company and cut his price target for the shares to $49 from $60. The shoemaker closed yesterday down 37c to $53.50. The analyst reiterates a Hold rating on the name. Konik also views Nike's eroding market share as negative for both Foot Locker (FL) and Finish Line (FINL).
09/19/17
WELS
09/19/17
DOWNGRADE
Target $13
WELS
Underperform
Under Armour downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Tom Nikic downgraded Under Armour (UAA) to Underperform and cut his price target for the shares to $13 from $17. With consumers having filled their closets with athletic wear over the past seven years, the category "appears poised to take a breather for now," Nikic tells investors in a research note. The analyst believes the trend change away from performance has left Under Armour "offsides" from a fashion perspective. Further, he notes that unlike Nike (NKE), Under Armour still generates most of its revenue in North America, where the athletic space is seeing much more pressure. The stock's valuation "still appears quite lofty," Nikic argues. The analyst lowered his estimates for Nike, Under Armour, lululemon (LULU) and Finish Line (FINL), but downgraded only Under Armour.
09/25/17
SUSQ
09/25/17
NO CHANGE
Target $12
SUSQ
Positive
Finish Line takeout thesis remains intact, says Susquehanna
Susquehanna analyst Sam Poser is telling investors to buy Finish Line shares as little has changed with his thesis following its Q2 results. The analyst noted fundamentals remain weak but he continues to believe Sports Direct will acquire the company and puts the odds at 75%. Poser has a $12 price target on Finish Line shares.

TODAY'S FREE FLY STORIES

MNTX

Manitex

$8.27

0.18 (2.23%)

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CYD

China Yuchai

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KW

Kennedy Wilson

$19.40

0.3 (1.57%)

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KBR

KBR

$18.85

0.23 (1.24%)

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  • 28

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CRM

Salesforce

$108.80

1.43 (1.33%)

05:52
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  • 27

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GG

Goldcorp

$13.23

-0.05 (-0.38%)

05:49
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TRNO

Terreno Realty

$37.74

0.74 (2.00%)

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  • 14

    Dec

PAAS

Pan American Silver

$15.20

0.22 (1.47%)

05:42
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05:42
Upgrade
Pan American Silver rating change  »

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  • 28

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  • 05

    Dec

CBRL

Cracker Barrel

$150.79

-6.41 (-4.08%)

05:41
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VIPS

Vipshop

$8.22

-1.03 (-11.14%)

05:39
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NJR

New Jersey Resources

$43.80

-0.5 (-1.13%)

05:35
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05:35
Upgrade
New Jersey Resources rating change  »

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PBPB

Potbelly

$12.15

-0.15 (-1.22%)

05:31
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CRM

Salesforce

$108.80

1.43 (1.33%)

05:29
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  • 27

    Nov

YNDX

Yandex

$34.28

0.57 (1.69%)

05:28
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MNK

Mallinckrodt

$21.39

-0.42 (-1.93%)

05:26
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Mallinckrodt rating change  »

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  • 14

    Dec

05:25
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General news
FX Action: The dollar has perked up »

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SIG

Signet Jewelers

$52.79

-23.05 (-30.39%)

05:22
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  • 07

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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

05:19
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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

, AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

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RLOG

Rand Logistics

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0.016 (2.80%)

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SGMS

Scientific Games

$52.20

-0.3 (-0.57%)

05:12
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ADI

Analog Devices

$90.19

-2.88 (-3.09%)

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  • 09

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TEDU

Tarena

$13.36

-2.53 (-15.92%)

05:10
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Downgrade
Tarena rating change  »

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HPQ

HP Inc.

$22.46

0.34 (1.54%)

05:07
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CRM

Salesforce

$108.80

1.43 (1.33%)

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  • 27

    Nov

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