Canaccord Genuity reiterated a Buy rating and $27.00 price target on Finish Line (NASDAQ: FINL) ahead of the company's 3Q earnings report on January 7th. The positive ratings on FINL is based on beliefs that QTD comps will show an inflection in FINL's business that should mark the beginning of more consistent comp growth into 2016 driven by increased allocations of key footwear styles from NKE.

Analyst Camilo Lyon commented, "We are positive on FINL heading into its FQ3 report on January 7th, however, not because of expectations for a strong report (in fact we are reducing our Q3 EPS estimate to -4c from +2c). Rather, we are positive on FINL based on our belief that QTD comps will show an inflection in FINL's business that should mark the beginning of more consistent comp growth into 2016 driven by increased allocations of key footwear styles from NKE. In our store checks throughout the holiday season, we noticed increased allocations of Jordan 6 and 8 retros which likely helped improve sell through in December. We expect this increase in inventory to manifest in a solid QTD comp (we're anticipating +MSD comps). In addition, Q4 should also be the quarter in which FINL recaptures much of the merchandise margin lost last year."

For an analyst ratings summary and ratings history on Finish Line click here. For more ratings news on Finish Line click here.

Shares of Finish Line closed at $18.08 yesterday.