Baird analyst Mark Altschwager raised the firm’s price target on Urban Outfitters to $38 from $32 and keeps a Neutral rating on the shares. The firm said they reported impressive Q2 upside and issued a steady forward outlook with no signs of slowdown or shifting consumer behavior at Anthro/FP, and margin recapture higher than previously expected, clearing a high bar into earnings.
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Read More on URBN:
- Urban Outfitters’ (NASDAQ: URBN) Q2 Earnings Smash Estimates with $1.27 Billion in Sales
- Urban Outfitters price target raised to $47 from $45 at Barclays
- Urban Outfitters reports Q2 comparable Retail segment sales up 4.9%
- URBN Reports Record Q2 Sales
- Urban Outfitters reports Q2 EPS $1.10, consensus 89c