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Fly News Breaks for August 16, 2017
URBN
Aug 16, 2017 | 08:24 EDT
KeyBanc analyst Edward Yruma says there are "reasons to believe that Urban Outfitters is finally turning the corner. " The analyst says that the company's "controlled store count, 35%+ e-commerce penetration, and focus on differentiated merchandise" are "attractive," while the fact that the company is selling more products at regular prices could be "an early indicator of a turn." The analyst keeps a $26 price target and an Overweight rating on the stock.
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