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Fly News Breaks for March 24, 2017
FINL
Mar 24, 2017 | 11:57 EDT
Following the weaker than expected Q4 results, Jefferies analyst Randal Konik lowered his price target for Finish Line to $19 from $25. The analyst, who attributes the weak quarter to mark downs on slow moving product and a negative impact from the deferred tax rebate, keeps a Buy rating on the shares, however. Better days are ahead for Finish Line, and the current valuation is attractive, Konik tells investors in a post-earnings research note. He believes the company can benefit from the "strong athletic cycle."
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