JPMorgan raised the firm’s price target on Urban Outfitters (URBN) to $88 from $78 and keeps an Overweight rating on the shares. The firm adjusted price targets in the department store and specialty softline group ahead of the Q2 reports. JPMorgan’s fieldwork indicates a strong close to the quarter on a July consumer acceleration, the analyst tells investors in a research note.
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.
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 $90 from $80 at BofA
- Citi tells investors to pay more attention to Urban’s rental business
- Urban Outfitters’ Growth Potential Driven by Nuuly’s Strategic Position and Margin Expansion Opportunities
- Cautious Optimism for Urban Outfitters: Hold Rating Amid Promising Growth in Nuuly Segment
- U.S., China reach trade pact, GM to invest $4B in U.S. plants: Morning Buzz