Playboy reportedly in talks with buyers including Iconix, WSJ reports Playboy Enterprises (PLA) is said to be in talks to sell itself with a number of buyers, including Iconix Brand (ICON), the Wall Street Journal's "Deal Journal" reports. Playboy's entertainment revenue rose to $2.3M in Q3 from last year, a 37% increase, making the cable television network a bright spot; print revenue fell 44% in Q3 and its core magazine has been hurt by online competitors. Analysts believe Iconix has about $200M for acquisitions left after paying $109M for a stake in a joint venture for the Ecko portfolio. Reference Link
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Abtech Holdings (ABHD) initiated with a Buy at Chardan... Alibaba (BABA) initiated with a Buy at ... Cherokee (CHKE) initiated with a Buy at Brean Capital... Columbia Property Trust (CXP) initiated with a Sell at Goldman... Emerge Energy (EMES) initiated with a Buy at Goldman... GrubHub (GRUB) initiated with a Buy at BofA/Merrill... Iconix Brand (ICON) initiated with a Hold at Brean Capital... Ideal Power (IPWR) initiated with a Buy at Roth Capital... NorthStar Asset Management (NSAM) initiated with a Hold at MLV & Co.... Restoration Hardware (RH) initiated with a Buy at CRT Capital... Sequential Brands (SQBG) initiated with a Buy at Brean Capital... Sprouts Farmers Markets (SFM) initiated with an Overweight at Barclays... Urban Outfitters (URBN) initiated with a Neutral at Buckingham... Williams-Sonoma (WSM) initiated with a Fair Value at CRT Capital... Xcel Brands (XELB) initiated with a Buy at Brean Capital.