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Fly News Breaks for May 22, 2019
URBN
May 22, 2019 | 07:18 EDT
Nomura Instinet analyst Simeon Siegel lowered his price target for Urban Outfitters to $28 from $32 following the company's Q1 results and keeps a Neutral rating on the shares. Urban's comps are coming at the expense of gross margin, Siegel tells investors in a research note. The margin contraction and quarter-to-date trends raise concerns over the company's ability to counter a challenging environment, Siegel tells investors in a research note.
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