Urban Outfitters price target raised to $56 from $46 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Urban Outfitters (URBN) to $56 from $46 and keeps a Market Perform rating on the shares. The company reported a “solid” holiday 2024 season, with double-digit momentum at Anthro and Free People Movement as well as high-single-digit sales growth at FP, the analyst tells investors. Anthro remains strong while Free People Movement and Nuuly continue to gain both momentum and relevance, the firm adds.