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Fly News Breaks for July 13, 2018
URBN
Jul 13, 2018 | 06:54 EDT
Wedbush analyst Jen Redding initiated shares of Urban Outfitters with a Neutral rating and $50 price target, telling investors in a research note that she views Urban as a "compelling" turnaround story with meaningful multi-year runway ahead driven by gross margin expansion and revenue growth. Still, Redding says she is on the sidelines with a Neutral, as shares trade a distance of about 9% from the 52-week high which sits at $48.24, and holds concerns over if short-term expectations into print have run up too much at this point in the quarter.
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