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Fly News Breaks for June 27, 2016
FINL
Jun 27, 2016 | 07:35 EDT
Canaccord still sees potential upside versus guidance for Finish Line as the company's solid Q1 results have set the stage for building second half momentum. The firm cited good Q1 trends which have continued into Q2, with casual and retro running performing while basketball continues to decelerate. Canaccord believes the deceleration is brand related and that management's strategic focus on more consistent execution across all business aspects will start paying dividends in the second half. Canaccord reiterated its Buy rating and $25 price target on Finish Line sales.
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