Urban Outfitters price target raised to $46 from $36 at JPMorgan

JPMorgan raised the firm’s price target on Urban Outfitters to $46 from $36 and keeps a Neutral rating on the shares. The analyst updated department store and specialty softline models ahead of the Q4 reports. The firm models above-consensus Q4 top- and bottom-line growth for 90% of companies across its universe.