Canaccord Genuity Reiterates a 'Buy' on Finish Line (FINL); Digital Driving Growth

Canaccord Genuity reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target of $24.00.

Canaccord analyst, Camilo Lyon, said, "FINL’s Q2/11 results were better than anticipated, driven by top-line strength and gross margin gains. FINL is clearly benefiting from the athletic footwear cycle, and continued innovation by the brands (e.g. Nike (NYSE: NKE), Under Armour (NYSE: UA), Adidas/Reebok) should propel the duration of the cycle."

For more ratings news on Finish Line click here and for the rating history of Finish Line click here.

Shares of Finish Line closed at $20.34 yesterday.

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