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Fly News Breaks for April 16, 2018
URBN
Apr 16, 2018 | 06:39 EDT
JPMorgan analyst Matthew Boss raised his price target for Urban Outfitters to $46 from $43 after hosting meetings with management. The company's same-store-sales are inflecting as momentum is building, Boss tells investors in a research note. The analyst attributes the current double-digit sales momentum to a combination of execution, fashion, and a healthy consumer backdrop. He keeps an Overweight rating on shares of Urban Outfitters.
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