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Fly News Breaks for March 4, 2020
URBN
Mar 4, 2020 | 09:28 EDT
Loop Capital analyst Laura Champine lowered the firm's price target on Urban Outfitters to $23 from $28 and keeps a Hold rating on the shares. The analyst notes the company's Q4 earnings miss and lower gross margins, warning that there is continued "meaningful risk" of additional margin or sales pressure as shoppers "reckon" with coronavirus concerns. Champine is also lowering her FY20 EPS to $1.67 from $2.10.
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