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Fly News Breaks for March 9, 2017
FINL
Mar 9, 2017 | 06:21 EDT
Mizuho analyst Betty Chen downgraded Finish Line to Neutral and lowered its price target to $18 from $23. Chen believes FY17 guidance may fall short of consensus expectations and is incremental concerned about product issues within apparel/accessories and more difficult comps in footwear. The analyst also commented that topline weakness and increased promotion pressure reduces earnings visibility.
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