Urban Outfitters initiated with a Neutral at Goldman Sachs

Goldman Sachs analyst Brooke Roach initiated coverage of Urban Outfitters (URBN) with a Neutral rating and $83 price target The firm is positive on Urban’s market positioning within specialty retail, saying its solid brand momentum is driving “healthy” growth in core brands. However, this is offset by the stock’s “full” valuation and Urban’s execution risk, creating a balanced risk/reward at current share levels, the analyst tells investors in a research note.