UBS raised the firm’s price target on Urban Outfitters to $42 from $41 and keeps a Neutral rating on the shares. The analyst does not believe Urban’s Q4 sales miss is a sign more misses are coming. The miss was mostly weather-related given the business seemed to bounce back in January week four and has been solid Q1-to-date, the analyst tells investors in a research note.
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- Urban Outfitters price target raised to $42 from $38 at BMO Capital
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- Urban Outfitters price target raised to $48 from $38 at Wells Fargo
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