Finish Line (FINL) is Upgraded by BofA/Merrill to Buy

Finish Line (FINL) is Upgraded by BofA/Merrill to Buy , according to the research report released to the investors. Earlier the firm had a rating of Underperform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

The Finish Line, Inc. (NASDAQ:FINL) : On Thursday heightened volatility was witnessed in The Finish Line, Inc. (NASDAQ:FINL) which led to swings in the share price. The shares opened for trading at $17.16 and hit $17.16 on the upside , eventually ending the session at $16.26, with a gain of 0.37% or 0.06 points. The heightened volatility saw the trading volume jump to 1,683,356 shares. The 52-week high of the share price is $29.05 and the company has a market cap of $729 million. The 52-week low of the share price is at $15.37 .

During the last several months other analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Piper Jaffray, downgrades their rating on the shares of The Finish Line, Inc. (NASDAQ:FINL). Piper Jaffray has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $18 per share from a prior target of $25. The rating by the firm was issued on December 9, 2015.

Research firm Zacks has rated The Finish Line, Inc. (NASDAQ:FINL) and has ranked it at 3, indicating that for the short term the shares are a hold. 18 Wall Street analysts have given the company an average rating of 2.28. The shares has received a hold rating based on the suggestion from 10 analysts in latest recommendations. 1 market expert has a sell on the stock. Strong buy was given by 7 Wall Street Analysts.

The Finish Line, Inc. (NASDAQ:FINL): The mean estimate for the short term price target for The Finish Line, Inc. (NASDAQ:FINL) stands at $25.3 according to 15 Analysts. The higher price target estimate for the stock has been calculated at $34 while the lower price target estimate is at $18.

Finish Line Inc. has dropped 0.37% in the last five trading days, however, the shares have posted positive gains of 5.34% in the last 4 weeks. Finish Line Inc. has dropped 33.32% during the last 3-month period . Year-to-Date the stock performance stands at -32.02%.

The Finish Line, Inc. together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (Finish Line) and Running Specialty Group (Running Specialty). In June 2013, Running Specialty Group Acquisitions 1 LLC, a joint venture between the Company and Gart Capital Partners Ltd, acquired Boulder Running Co. On October 6, 2012, Running Specialty acquired substantially all the assets and assumed certain liabilities of RunOn, Inc. On December 31, 2012, Running Specialty acquired substantially all the assets and assumed certain liabilities of The Roadrunner of Richmond, Inc., which operated one specialty running shop in Virginia. Finish Line is a retailer of athletic shoes, apparel and accessories. Running Specialty is a specialty running retailer of precision-fitted running shoes, apparel and accessories.