Iconix Brand Group Announces Leadership Changes
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Iconix Brand (ICON) PT Cut to $25 at Brean Capital Following CEO Exit; 'Buy' Maintained
August 7, 2015 8:51 AM EDTBrean Capital analyst Liz Pierce lowered her price target on Iconix Brand (NASDAQ: ICON) to $25.00 (from $34.00) following the surprise CEO exit, but reiterated a Buy rating on compelling fundamentals.
Pierce commented, "Complete sweep of the C-Suite should not overshadow compelling fundamentals of the licensing model. We appreciate that... More
Nomura Securities Downgrades Iconix Brand (ICON) to Neutral Following CEO Exit
August 7, 2015 8:05 AM EDTNomura Securities downgraded Iconix Brand (NASDAQ: ICON) from Buy to Neutral while maintaining a price target of $33.00.
The downgrade follows news that Neil Cole is stepping down from his position as CEO, Chairman and President, and as a member of the Board... More
Wunderlich Securities Downgrades Iconix Brand (ICON) to Hold
August 7, 2015 6:56 AM EDTWunderlich Securities downgraded Iconix Brand (NASDAQ: ICON) from Buy to Hold with a price target of $16.00 (from $36.00).
For an analyst ratings summary and ratings history on Iconix Brand click here. For more ratings news on Iconix Brand click here.
Shares of Iconix Brand closed at $19.60 yesterday.
... MoreIconix Brand (ICON) Announces Neil Cole Steps Down as Chief Executive Officer, Chairman
August 7, 2015 6:55 AM EDTThe Board of Directors of Iconix Brand Group, Inc. (NASDAQ: ICON) announced that Neil Cole is stepping down from his positions as Chief Executive Officer, Chairman and President and as a member of the Board of Directors. Mr. Cole has agreed to serve as a special advisor to the Company through September 30, 2015 to assist with the transition. He thereafter intends to pursue other business opportunities. Iconix board member Peter Cuneo has been appointed Chairman of the Board and Interim CEO.
Mr. Cuneo has served on Iconix's Board since October 2006 and previously was the... More
