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Fly News Breaks for August 21, 2019
URBN
Aug 21, 2019 | 07:58 EDT
Wedbush analyst Jen Redding lowered her price target for Urban Outfitters to $20 from $26 given planned markdown pressure and the current macro environment. The analyst notes that the company saw execution issues in key women's apparel at both Anthro and Core Urban, as part of a largely "unimpressive" second quarter. Redding reiterates a Neutral rating on the shares.
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