Fly News Breaks for November 6, 2015
ICON
Nov 6, 2015 | 06:27 EDT
Brean Capital analyst Liz Pierce downgraded Iconix Brand to Hold saying the stock will be in the "penalty box" until there is greater clarity regarding Peanuts, the SEC Staff's comment letter and overall organic growth prospects for key brands. The stock traded down 51% last night after the company said it will restate earnings for accounting errors and cut its outlook for Q3 and FY15.
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