Morgan Stanley raised the firm’s price target on Urban Outfitters (URBN) to $77 from $62 and keeps an Overweight rating on the shares. A “strong beat across-the-board,” with a “surprise” flagship brand inflection in Q1 and “seemingly raised” fiscal year guidance, reaffirms the firm’s Overweight thesis, the analyst tells investors.
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Read More on URBN:
- Urban Outfitters price target raised to $70 from $55 at Wells Fargo
- 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
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