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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $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