Buy Iconix Brand (ICON) Weakness, Says Analyst

February 20, 2013 1:29 PM EST Send to a Friend
Get Alerts ICON Hot Sheet
Price: $40.00 +0.03%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 27 | Down: 26 | New: 17
Trade ICON Now!
Join SI Premium – FREE
Brean Capital today maintained a Buy rating on Iconix Brand (NASDAQ: ICON) and raised its price target of $28.00 (from $27.00).

Analyst Eric Beder called the company an "acquisition machine" and said given the flexibility within its balance sheet, the company will continue to build upon success through acquisitions and by leveraging opportunities.

"We would use today's weakness to become more aggressive in the name," he said.

For an analyst ratings summary and ratings history on Iconix Brand (NASDAQ: ICON) click here. For more ratings news on Iconix Brand click here.

Shares of Iconix Brand closed at $24.54 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment