Wells Fargo analyst Ike Boruchow raised the firm’s price target on Urban Outfitters to $48 from $38 and keeps an Equal Weight rating on the shares. The firm notes that after pre-announcing holiday sales at ICR, Urban Outfitters surprisingly missed Street gross margin/EBIT in Q4. Despite that, the company issued a strong/confident message around comp momentum at Anthro/FP and ultimately full year numbers are heading higher.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on URBN: