Deutsche Bank Maintains Buy Rating and $31 PT on Urban Outfitters

A report from Deutsche Bank reiterates its Buy rating and $31 price target on Urban Outfitters URBN. The report states, “Into Monday's 3Q EPS release, we remind investors that sales are preannounced at $610M and a -3% total segment comp (+14% @ Free People, flat @ the UO brand, and -7% @ Anthro). Beyond revenues, consensus already anticipates 3Q and 4Q OM declines of 550bp and 280bp respectively. So while the 2H P&L remains uncharacteristically weak, we think that ‘the story' is more about the opportunity for 2012 product improvement and mgmt. stability.” URBN closed Friday at $26.82.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsNewsReiterationAnalyst RatingsDeutsche Bank
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!