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Fly News Breaks for May 23, 2018
URBN
May 23, 2018 | 06:26 EDT
Loop Capital analyst Laura Champine nudged her price target on Urban Outfitters to $47 from $46 and kept her Buy rating after the company's Q1 results, saying every segment met or beat consensus expectations. The analyst expects further margin upside on the potential follow-through given the easier comparisons in Q2 while also citing the CEO comments that SSS are running above 10% so far in May. Champine is also raising her FY18 EPS view to $2.48 from $2.39.
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