NEW YORK (TheStreet) -- Shares of Finish Line Inc. (FINL) are down by 1.28% to $23.05 in pre-market trading on Monday, following a pair of analyst downgrades at Canaccord and Janney Capital this morning.
Canaccord downgraded the mall-based sports apparel and fitness retailer to "hold" from "buy" and set a $25 price target on the stock, down from $32.
The firm said it lowered its rating on Finish Line based on its belief "challenges in the running category are intensifying and will likely result in continued markdown pressure well into 2015."
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Janney Capital reduced its rating on Finish Line to "neutral" from "buy" as it believes higher promotions are cutting into the company's margins.
Janney has a $25 price target on Finish Line stock.
Separately, TheStreet Ratings team rates FINISH LINE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FINISH LINE INC (FINL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."