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Fly News Breaks for June 10, 2016
URBN
Jun 10, 2016 | 07:29 EDT
Baird noted Urban Outfitters reported lower Q2 to date comps and said the data was weaker than expected. However, the firm said they see good long-term risk/reward for patient investors. Baird said management is doing the right things to capture market share and drive shareholder value, including controlling inventory and avoiding store over-saturation. Baird maintained its Outperform rating and lowered its price target to $33 from $34 on Urban Outfitters shares.
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