C.L. King Downgrades Sequential Brands to Hold

By Jason Carr

Sequential Brands (NASDAQ: SQBG) received a Hold rating from C.L. King analyst Steven Marotta today. The company’s shares opened today at $3.86.

According to TipRanks.com, Marotta is a 3-star analyst with an average return of 18.6% and a 85.7% success rate. Marotta covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Steven Madden, and Iconix Brand.

Sequential Brands has an analyst consensus of Moderate Buy, with a price target consensus of $6.

The company has a one year high of $8.49 and a one year low of $2.81. Currently, Sequential Brands has an average volume of 242.1K.

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Sequential Brands Group, Inc. engages in promoting, marketing, and licensing portfolio of consumer brands. It provides fashion, home, athletic, and lifestyle categories, including Martha Stewart, Jessica Simpson, AND1, Avia, Joe’s Jeans, Heelys, and GAIAM.