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Fly News Breaks for May 19, 2015
URBN
May 19, 2015 | 07:23 EDT
After Urban Outfitters reported lower than expected Q1 EPS, SunTrust says that the miss was caused by problems at Anthropologie, and it expects those issues to be resolved in 2H15. The firm says that the company's fundamentals remain intact, and it recommends that long-term investors buy the stock on weakness. SunTrust cut its price target on the name to $42 from $52 but keeps a Buy rating.
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