Iconix Brand Group (ICON) Rises 3% After Upgrade

Shares of Iconix Brand Group, Inc. (Nasdaq: ICON) closed up more than 3% for the day after Brean Murray raised its rating of the brand management company from Hold to Buy.

The upgrade reverses Brean Murray's downgrade of Iconix Brand Group from Buy to Hold just last September.

Britney Spears recently signed on for a 2nd year of promoting Iconix Brand Group's "Candie’s" brand that is available only at Kohl's Corp. (NYSE: KSS) stores.

At $13.25, the stock is trading midway between its 52 week low of $6.73 and high of $18.30.