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Fly News Breaks for September 13, 2019
URBN
Sep 13, 2019 | 08:39 EDT
Loop Capital analyst Laura Champine raised her price target on Urban Outfitters to $35 and kept her Buy rating, saying her recent store checks give her added confidence in her Q3 gross margin and sales forecasts. The analyst notes that over 70% of sell-side analysts remain neutral on the stock, which allows shares to benefit from improved sentiment as the company comes up against easier cycle comparisons while its 2-year stack comps "remain strong".
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