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Fly News Breaks for May 19, 2016
URBN
May 19, 2016 | 07:35 EDT
Baird noted Urban Outfitter's Q1 results showed a solid start to 2016. The firm noted that the company said May was off to a slow start, but Baird believes weather was probably the culprit. Baird believes the company is doing the right things to capture market share and drive shareholder value. Baird believes the risk/reward remains positive and thus reiterated its Outperform rating and lowered its price target to $34 from $37 on Urban Outfitters shares.
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