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Fly News Breaks for January 10, 2018
URBN
Jan 10, 2018 | 08:33 EDT
Baird analyst Mark Altschwager said his view on Urban Outfitters is unchanged in that he continues to like the risk/reward. He was not surprised to see the shares pull back on the company's holiday sales report following their recent rally, but with favorable margin trends, easier comps, and pending tax reform benefits he likes the shares. Altschwager reiterated his Outperform rating and $39 price target on Urban Outfitters.
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