Fly News Breaks for November 17, 2015
URBN
Nov 17, 2015 | 07:19 EDT
After Urban Outfitters reported lower than expected revenue, Stifel admits that the company's weak sales trends will keep a lid on its results in the near-term. However, the firm remains upbeat on the company's long-term outlook ,citing what it sees as the company's " talented management team, industry leading omni-channel capabilities and strong brand equity." Additionally, Stifel expects overall consumer apparel spending to rebound when the weather gets colder. Stifel cut its price target on the name to $30 from $40 but keeps a Buy rating on the shares.
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