Wells Fargo raised the firm’s price target on Urban Outfitters (URBN) to $75 from $70 and keeps an Equal Weight rating on the shares. The firm cites “good results, tough setup.” While Urban’s top-line trajectory continues to impress – and UO turnaround is in full force – the Q2 print is more about elevated expects vs. core fundamentals.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters price target raised to $89 from $88 at JPMorgan
- Urban Outfitters: Strong Brand Performance and Strategic Growth Justify Buy Rating
- Urban Outfitters Achieves Record Q2 Sales and Income
- Closing Bell Movers: Nvidia slips 3% despite slight beat on earnings
- Urban Outfitters reports Q2 EPS $1.58, consensus $1.46