Market Overview

UPDATE: Morgan Stanley Reiterates on Urban Outfitters Following Soft 4Q Sales

Related URBN
September Comps, Improving Margins And Q3 Promotions From The Gap, L Brands And More
7 Retails Stocks In Focus After September Sales Data Released
Best And Worst Performing Stocks 2016 YTD (Seeking Alpha)

In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating on Urban Outfitters (NASDAQ: URBN), but lowered the price target from $49.00 to $46.00.

In the report, Morgan Stanley noted, “URBN reported below consensus 4Q sales, indicative of the tough January across Softlines. We expect the softness to persist through 1Q. However, UO process improvements lead to a 2H recovery, in our view. At 15x FY15 P/E valuation looks attractive and we remain Overweight.”

Urban Outfitters closed on Monday at $36.64.

Latest Ratings for URBN

Sep 2016Wolfe ResearchUpgradesPeer PerformOutperform
Sep 2016JefferiesMaintainsBuy
Aug 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for URBN
View the Latest Analyst Ratings

Posted-In: Kimberly C. Greenberger Morgan StanleyAnalyst Color Price Target Analyst Ratings


Related Articles (URBN)

View Comments and Join the Discussion!