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Fly News Breaks for August 16, 2017
URBN
Aug 16, 2017 | 08:42 EDT
Baird analyst Mark Altschwager noted Urban Outfitters reported better than expected Q2 results. The analyst said with its better earnings visibility, lean store base, clean balance sheet, brand-level operational improvements underway, and undemanding valuation metrics, he likes the 12 month risk/reward. Altschwager reiterated his Outperform rating and raised his price target to $22 from $21 on Urban Outfitters shares.
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