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Fly News Breaks for October 24, 2016
URBN
Oct 24, 2016 | 07:48 EDT
Jefferies analyst Randal Konik views underappreciated margin expansion as another reason to own shares of Urban Outfitters. Margins at the namesake store and Anthropologie are "well off highs" and can improve 500 basis points over the next few years, Konik tells investors in a research note. He keeps a Buy rating on Urban Outfitters with a $45 price target.
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