UPDATE: Brean Murray & Carret Upgrades New York & Co from Hold to Buy

Brean Murray Carret & Co has published a report on New York & Co NWY upgrading the company's stock from Hold to Buy. In the report, Brean Murray & Co wrote, "We believe, under CEO Greg Scott, that New York & Co. has begun the process of becoming materially more of a fashion resource for their core customer base and driving market share and, more importantly, reducing the overall discounting level and raising productivity." Brean Murray & Carret upgraded New York & Co from a Hold to a BUY with a price target of $6. New York & Co closed Monday at $4.65.