Wells Fargo lowered the firm’s price target on Urban Outfitters (URBN) to $75 from $80 and keeps an Equal Weight rating on the shares. The firm says the company’s post-holiday recovery is notable, management’s tone on the entire portfolio is quite upbeat and tariff upside exists in the model. Net, there’s more good than bad in the story, Wells argues. That said, the firm would be patient, as “riskier” ideas remain tough today.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters reports Q4 adjusted EPS $1.43 vs $1.04 last year
- URBN Earnings this Week: How Will it Perform?
- Urban Outfitters price target lowered to $94 from $96 at JPMorgan
- URBN, GAP, SHAK: Small-Cap Stocks Surge as Investors Rotate Out of Magnificent Seven
- Urban Outfitters price target raised to $102 from $98 at Barclays