BofA analyst Lorraine Hutchinson lowered the firm’s price target on Urban Outfitters (URBN) to $85 from $93 and keeps a Buy rating on the shares. The firm, which thinks Free People and Anthropologie are “two of the best performing apparel brands,” Nuuly represents a strong growth opportunity and the flagship brand has inflected, lowers its price target to reflect the peer average multiple.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters: Solid Execution Priced In, Limited Upside Supports Hold Rating
- Urban Outfitters price target lowered to $75 from $80 at Wells Fargo
- 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