BofA raised the firm’s price target on Urban Outfitters (URBN) to $90 from $85 and keeps a Buy rating on the shares. The firm is increasing its FY27 and FY28 EPS estimates by 2% and 1%, respectively, to reflect Q1 outperformance and the view that Free People and Anthro are “two of the best performing apparel brands.”
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Read More on URBN:
- Lorraine Hutchinson Raises Price Target to $90 and Reiterates Buy on Urban Outfitters Amid Strong Brand Momentum and Margin Expansion
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- Urban Outfitters reports Q1 EPS $1.30, consensus $1.12
- Urban Outfitters options imply 8.9% move in share price post-earnings
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