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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 08:37 EDT
Deutsche Bank analyst Tiffany Kanaga lowered the firm's price target on Urban Outfitters to $22 from $26 and keeps a Hold rating on the shares following the company's Q4 miss. While the company is already starting to recapture some ground against last year's markdowns at Urban Outfitters and Anthropologie, progress should be more than offset in the near-term by Free People wholesale margin pressure, Nuuly support, marketing investments, and higher incentive comp, Kanaga tells investors in a research note.
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