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Fly News Breaks for December 29, 2015
ICON
Dec 29, 2015 | 07:36 EDT
Brean Capital believes shares of Iconix Brand will be range bound until there is further clarity regarding the SEC investigation. The firm noted many positives, including improved processes and controls, increased transparency, and more management support of DTR's, but believes the overhang of the investigation will overshadow the positives. Brean Capital maintains its Hold rating on Iconix Brands shares.
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