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Brean Murray Downgrades J. Crew (JCG) to Hold

October 26, 2009 8:12 AM EDT
JCG Hot Sheet
Rating Summary:
    1 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 13 | New: 29
Brean Murray downgrades J. Crew Group (NYSE: JCG) from Buy to Hold, also withdrawing its $44 price target.

The firm believes that given last week's sharp jump in J. Crew's price following a raise in Q3 and Q4 guidance has created an opportunity for investor to take profits.

Click here to see all the analyst action on shares of J. Crew.

J.Crew Group, Inc. operates as a multi-channel specialty retailer in the United States.

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