Brean Murray Downgrades J. Crew Group, Inc. (JCG)

Brean Murray downgrades J. Crew Group, Inc. (NYSE: JCG) from Buy to Hold.

Brean Murray feels J. Crew's valuation has gotten ahead of itself and could be due for a slight pullback.

J. Crew is trading near its 52-week high, after climbing over 450% from JCG's 52-week low of $8.

J. Crew rose last week after it issued upside guidance.