The Finish Line Inc. (s: finl) was downgraded to neutral from buy at Monness Crespi Hardt & Co. The firm based its previous buy rating on The Finish Line’s stock price, which Monness Crespi Hardt considered low, and the belief that the company would surpass its fiscal year guidance. The company’s second-quarter outlook includes an earnings per share forecast of a low-to-mid single digit increase from the fiscal year 2015 non-GAAP diluted earnings per share of $1.67. The “soft” second-quarter sales and September month-to-date same-store sales indicate that The Finish Line’s guidance is not “conservative,” according to Monness Crespi Hardt.
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