Finish Line leaps to 52-week high on target price increases
The Finish Line Inc. (Nasdaq:FINL) hit a 52-week high on Tuesday after analysts raised the Indianapolis-based athletic retailer’s target price on Monday. An analyst at Sterne Agee kept The Finish Line’s “buy” rating but on Monday changed the target price from $8 to $10.50. At research firm Citi, Finish Line remains with a “hold” rating, but the price target was increased from $7 to $10 on Monday. The ratings come on the heels of the mall-based retailer’s announcement of profitable first-quarter earnings. Net income increased to a profit of $0.02 per share from a loss of $0.05 per share, the company said Thursday.
On Tuesday, reached $9.27, more than a 6% increase from Monday’s close.
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