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Fly News Breaks for July 14, 2015
URBN
Jul 14, 2015 | 07:20 EDT
Jefferies upgraded Urban Outfitters to Buy from Hold after its online and in-store channel checks indicated the namesake brand is "on the mend" while concerns over the Anthropologie division are overblown. Jefferies views the recent pullback in shares as a "compelling opportunity" and raised its price target for the stock to $50 from $36.
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