Why The Finish Line, Inc. Stock Popped (Again) Today
Shares of The Finish Line Inc. (NASDAQ: FINL) climbed as much as 14% early Monday, then settled to trade up around 6.3% as of 2 p.m. EDT. Susquehanna analyst Sam Poser reiterated his argument that the athletic footwear retailer will be acquired.
More specifically, Poser says that while The Finish Line is still facing a number of fundamental headwinds, there's still a 75% chance that U.K.-based Sports Direct International (LSE: SPD) will purchase the company to propel itself into the United States market. Poser also reiterated his $12-per-share price target on The Finish Line stock -- a roughly 23% premium to Friday's closing price -- and predicted a buyout could happen at $13.30 per share. Poser also noted that at current prices, the market seems to be assuming a roughly 30% chance that a buyout will occur.
Image source: The Finish Line.
Source: Fool.com
