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Fly News Breaks for November 17, 2015
URBN
Nov 17, 2015 | 08:04 EDT
Baird lowered its price target on Urban Outfitters to $26 from $37 based on its missed Q3 sales and margins, investor anxiety over the company's announcement to expand into restaurants and cautious Q4 guidance. Baird reiterated its Outperform rating on Urban Outfitters shares, citing its franchise quality, strong balance sheet and differentiated concepts.
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