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Piper Jaffray Throws In The Towel On 'Value Trap' Finish Line

2015-12-09 17:01:40| Apparel - Topix.net

The share price of Finish Line Inc has declined 38.44 percent in the past six months, trading almost at the 52-week low on November 17. Piper Jaffray's Erinn E. Murphy downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $25 to $18. The downgrade follows Piper Jaffray's proprietary athletic survey, which indicates a broad shift in consumer behavior.

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