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Fly News Breaks for June 10, 2015
URBN
Jun 10, 2015 | 07:22 EDT
After Urban Outfitters disclosed that its comps were trending up mid single digits in Q2, in-line with the consensus outlook, Stifel says that the stock has sold off since mid-May on worries about Anthropologie's outlook However, the firm thinks that Anthropologie's issues are relatively easy to solve, and it does not expect the unit to have prolonged difficulties. The firm keeps a $50 price target and Buy rating on the shares.
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