Finish Line (FINL) downgraded, AMC Networks (AMCX) initiated and Aramark (ARMK) upgraded in Monday’s Analysts’ Actions. Finish Line was downgraded at Canaccord Genuity to HOLD from BUY rating. The price target was also cut to $25 from $32 a share. The firm thinks ‘challenges are intensifying’ in the running category and that ‘will likely result in continued markdown pressures well into 2015.’ Pacific Crest is starting its coverage on AMC Networks with an OUTPERFORM rating and a price target of $75. The analysts at Pacific Crest believe bidding on content from new streaming entities should help AMC. RBC Capital is giving Aramark the most bullish call it can make, upgrading the stock to TOP PICK from OUTPERFORM. RBC says the food services provider is well-positioned for next year and can deliver double-digit earnings growth. The price target is set at $36.
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