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Fly News Breaks for April 17, 2017
FINL
Apr 17, 2017 | 11:40 EDT
After Sports Direct International, the biggest sporting goods retailers in the U.K. and one of Europe's largest, disclosed a 3.2M share, or 7.9%, stake in Finish Line, Baird analyst Jonathan Komp said it is unclear exactly why the company has taken a "top five" ownership stake in the U.S. footwear retailer but that the involvement could support Finish Line shares in the near-term. Sports Direct seems to have capacity for acquisitions and the stake news could drive positive sentiment about potential strategic implications, said Komp, who raised his price target on Finish Line to $16 from $14 but keeps a Neutral rating on the stock.
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