Morgan Stanley raised the firm’s price target on Urban Outfitters (URBN) to $84 from $82 and keeps an Overweight rating on the shares. Q2 EPS came in above expectations, while Q3 and fiscal year EPS guidance, set about in-line and above expectations, respectively, “appear beat-able,” the analyst tells investors in a post-earnings note.
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Read More on URBN:
- Urban Outfitters price target raised to $93 from $90 at BofA
- Urban Outfitters price target raised to $75 from $70 at Wells Fargo
- 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