Baird raised the firm’s price target on Urban Outfitters (URBN) to $49 from $47 and keeps a Neutral rating on the shares. The firm said they delivered another nice earnings beat primarily on higher gross margins. Importantly, demand trends firmed after an early FQ3 hiccup and management is positive on its positioning into holiday season.
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Read More on URBN:
- Urban Outfitters price target raised to $41 from $38 at Morgan Stanley
- Urban Outfitters price target raised to $48 from $40 at Wells Fargo
- Urban Outfitters price target raised to $51 from $43 at Barclays
- Urban Outfitters upgraded to Buy from Neutral at Citi
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