Citi analyst Paul Lejuez lowered the firm’s price target on Urban Outfitters to $38 from $40 and keeps a Neutral rating on the shares post the Q3 report. The business is performing very well in a tough retail landscape, the analyst tells investors in a research note. However, without the Urban Outfitters brand showing signs of improvement, upside to estimates is more limited from here, the analyst tells investors in a research note.
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Read More on URBN:
- Urban Outfitters (NASDAQ:URBN) Sinks, Even As Q3 Results Beat Estimates
- Urban Outfitters says Urban Outfitters brand inventory levels elevated
- URBN Reports Record Sales and a 120% Increase in EPS
- Urban Outfitters reports Q3 EPS 88c, consensus 82c
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