BofA raised the firm’s price target on Urban Outfitters (URBN) to $93 from $90 and keeps a Buy rating on the shares. The firm thinks Free People and Anthropologie are “two of the best performing apparel brands in the market,” Nuuly has a strong growth opportunity and the flagship brand is turning, the analyst tells investors after a Q2 beat led by positive sales at all brands. The firm is raising its FY26 and FY27 EPS estimates by 5% and 1%, respectively, to reflect the beat and stronger FY26 gross margin expectations.
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Read More on URBN:
- Urban Outfitters price target raised to $75 from $70 at Wells Fargo
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