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Fly News Breaks for May 19, 2016
URBN
May 19, 2016 | 07:17 EDT
Jefferies analyst Randal Konik says Urban Outfitters reported strong Q1 results against a challenging industry backdrop with comps and gross margin exceeding expectations. He believes the company's long-term margin expansion opportunity remains underappreciated and keeps a Buy rating on the shares with a $38 price target.
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