Wells Fargo analyst Ike Boruchow raised the firm’s price target on Urban Outfitters (URBN) to $70 from $55 and keeps an Equal Weight rating on the shares. The firm says that the company’s results continue to impress-highlighted by Q1’s robust comp and gross margin outlook. That along with stable growth at Anthro/FP/Nuuly keeps the story going, Wells adds, noting that there are “no holes to poke.”
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Read More on URBN:
- Urban Outfitters price target raised to $80 from $70 at BofA
- Urban Outfitters’ Strong Performance Driven by European Growth and Brand Success
- Urban Outfitters’ Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- Urban Outfitters: Strong Growth Prospects and Stability Justify Buy Rating and Raised Price Target
- Urban Outfitters upgraded to Overweight from Neutral at JPMorgan
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