Fly News Breaks for February 3, 2020
Feb 3, 2020 | 16:42 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Urban Outfitters with a Market Perform rating and $26 price target. Like the rest of retail, the company's sales growth downticked over the last five years, coming with heavy margin pressure, Siegel tells investors in a research note. The analyst starts shares with a neutral stance "absent a strong indication of sustainable growth."
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