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Fly News Breaks for December 23, 2015
UA, NKE, FINL
Dec 23, 2015 | 06:11 EDT
Brean Capital analyst Eric Tracy upgraded Finish Line (FINL) to Buy saying that while the company's Q3 will remain challenged as inventory is cleared, its comps and margins should improve in Q4. The retailer's setup going into its fiscal year 2017 is improved, Tracy tells investors in a research note. He also highlights better allocation of footwear from key vendors Nike (NKE) and Under Armour (UA). The analyst has a $23 price target for Finish Line shares. The shoe retailer closed yesterday up $1.64 to $18.39.
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