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Fly News Breaks for April 4, 2017
URBN
Apr 4, 2017 | 06:32 EDT
Citi analyst Paul Lejuez downgraded Urban Outfitters to Neutral and cut his price target for the shares to $23 from $32. Last night's sales update indicates the company's "weak store traffic has taken a further step down," Lejuez tells investors in a research note. He expects Urban's net income pressure to likely "get even more intense."
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