UBS raised the firm’s price target on Urban Outfitters (URBN) to $80 from $70 and keeps a Neutral rating on the shares. Urban Outfitters’ Q3 results were “surprisingly” strong, the analyst tells investors in a research note. While Urban’s growth and consistency look impressive, the firm doesn’t think the multiple will climb too much more.
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Read More on URBN:
- Urban Outfitters price target raised to $80 from $75 at Wells Fargo
- Urban Outfitters price target raised to $80 from $76 at Citi
- Urban Outfitters’ Strong Q3 Performance and Medium-Term Growth Potential Reinforce Buy Rating
- Urban Outfitters: Strong Q3 Performance but Limited Upside Potential Justifies Hold Rating
- Urban Outfitters price target raised to $98 from $89 at Barclays