Iconix Brand downgraded to Neutral from Buy at Citigroup Citigroup downgraded Iconix Brand citing valuation and a lack of near-term catalysts following the Buffalo acquisition. The firm lowered its price target for shares to $25 from $28.
News For ICON From The Last 14 Days
Check below for free stories on ICON the last two weeks.
Iconix Brand raises FY14 non-GAAP EPS to $2.60-$2.70 from $2.55-$2.65 FY14 EPS consensus of $2.64; Raises FY14 revenue to $455M-$465M from $450M-$460M, consensus $456.64M; Raises FY14 free cash flow to $215M-$222M from $213M-$220M.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Barrington... Burlington Stores (BURL) initiated with a Buy at Buckingham... Iconix Brand (ICON) initiated with an Outperform at Cowen... Ophthotech (OPHT) initiated with a Neutral at Goldman... PetroQuest (PQ) initiated with an In-Line at Imperial Capital... Twitter (TWTR) initiated with a Market Perform at Raymond James.