Buy Iconix Brand (ICON) Weakness, Says Analyst

February 20, 2013 1:29 PM EST
Get Alerts ICON Hot Sheet
Price: $10.58 +1.83%

Rating Summary:
    2 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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