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Fly News Breaks for May 19, 2015
URBN
May 19, 2015 | 07:42 EDT
Brean Capital noted Urban Outfitters missed Q1 estimates but said they would be buyers on weakness as they believe the company is in the early stages of a turnaround. The firm sees considerable margin expansion, increased operating efficiencies, and share repurchases supporting the stock. Brean Capital reiterated its Buy rating and $46 price target on Urban Outfitters shares.
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