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Fly News Breaks for August 7, 2015
ICON
Aug 7, 2015 | 07:33 EDT
Brean Capital said fundamentals at Iconix Brand remain compelling despite the exit of the entire corporate executive team in a short period of time. The firm cited its licensing model, minimal capital needs and limited operational risk. Brean Capital reiterated its Buy rating but lowered its price target to $25 from $34 on Iconix shares.
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