Fly News Breaks for March 4, 2020
Mar 4, 2020 | 08:36 EDT
RBC Capital analyst Kate Fitzsimons lowered the firm's price target on Urban Outfitters to $23 after its SG&A driven Q4 earnings miss along with continued wholesale margin pressure. The analyst is also keeping her Sector Perform rating on the shares given the company's ongoing structural margin headwinds, rising expenses, and uncertainty related to markdowns / Average Unit Retail trends.
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