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Fly News Breaks for September 26, 2016
FINL
Sep 26, 2016 | 07:54 EDT
Canaccord analyst Camilo Lyon attributed Finish Line's strong Q2 comparable sales growth of 5.1% to the company having aggressively cleared excess inventory at the expense of margins, but he continues to think a strong product pipeline and increased allocation of on-trend product and the company's improved supply chain processes will be keys to a rebound in the second half of the year. Lyon keeps a Buy rating and $25 price target on Finish Line shares.
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