Market Overview

UPDATE: JP Morgan Raises PT to $48 on Urban Outfitters on Accelerating Comps

Share:
Related URBN
BMO Says American Eagle Is 'On Trend'
BMO Lowers Earnings Estimates For Urban Outfitters
Stock Indexes Sag; Whole Foods, Urban Outfitters Stir (Investor's Business Daily)

JP Morgan reiterated its Overweight rating on Urban Outfitters (NASDAQ: URBN) and raised the price target from $45.00 to $48.00.

JP Morgan commented, "URBN's holiday strength further served to illustrate the company's ongoing turnaround progress, even in the face of difficult promotionally driven compares from last year. We continue to believe in the longer term growth opportunities with an emphasis on the ongoing margin opportunity through improving markdown rates, structural benefits from the omni-channel push and ultimately expense leverage. As such, we continue to expect that with inventory under control and management focused on improving product offerings, URBN represents an attractive growth opportunity with significant runway for both top and bottom line growth and we reiterate it as our best idea for 2013."

Urban Outfitters closed at $42.75 on Friday.

Latest Ratings for URBN

DateFirmActionFromTo
Jul 2016Deutsche BankMaintainsHold
May 2016Morgan StanleyUpgradesEqual-weightOverweight
Apr 2016Deutsche BankInitiates Coverage onHold

View More Analyst Ratings for URBN
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (URBN)

View Comments and Join the Discussion!