Fly News Breaks for November 12, 2015
Nov 12, 2015 | 08:04 EDT
Baird is cautious on Urban Outfitters heading into Q3 earnings, citing promotional activity, sluggish traffic and comments from management about a slow start in August. Baird reiterated its Outperform rating and lowered its price target to $37 from $42 on Urban Outfitters shares.
News For URBN From the Last 2 Days
Feb 29, 2024 | 10:14 EST
BMO Capital analyst Daniel Stroller raised the firm's price target on Urban Outfitters to $42 from $38 but keeps a Market Perform rating on the shares. The company reported a top- and bottom-line miss, but while its gross margin was ahead of the initial 4Q guide, it fell short of January's updated forecast, the analyst tells investors in a research note. Urban Outfitters has been able to grow sales via its portfolio of brands, comp growth and measured store expansion to fuel this demand, though the external pressures and the uncertainty surrounding the Urban Outfitters brand turnaround are reasons to remain sidelined, the firm added.