Barclays raised the firm’s price target on Urban Outfitters to $48 from $46 and keeps an Overweight rating on the shares. The analyst says preliminary Q4 results for the specialty retail group were strong, as holiday demand topped expectations with better promotional backdrop.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on URBN:
- Urban Outfitters price target raised to $39 from $36 at Morgan Stanley
- Urban Outfitters price target raised to $45 from $42 at BofA
- Urban Outfitters (NASDAQ:URBN) Reports Impressive Holiday Sales Surge
- Urban Outfitters reports holiday sales increased 10%
- URBN Reports Record Holiday Sales and Personnel Update