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Fly News Breaks for November 20, 2019
URBN
Nov 20, 2019 | 09:17 EDT
Loop Capital analyst Laura Champine lowered her price target on Urban Outfitters to $28 after its Q3 results, noting that the company's 18% build in inventories against a 1% growth in sales "cools" her near term enthusiasm on the stock. The analyst also lowers her FY19 and FY20 EPS views by 18c and 55c to $2.19 and $2.10 respectively but keeps her Buy rating on Urban Outfitters, stating that with about two-thirds of analysts neutral on the name, the stock could bounce on improved sentiment as the stock starts to cycle easier comparisons.
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