Urban Outfitters price target raised to $47 from $45 at Barclays

Barclays raised the firm’s price target on Urban Outfitters to $47 from $45 and keeps an Overweight rating on the shares. The company’s Q2 beat across the board as strength at Free People and Anthropologie outweighed the negative comps at the namesake brand, the analyst tells investors in a research note. The firm says Urban’s inventory productivity metrics combined with positive sales growth continue to improve.