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In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $44.00 price target on
Urban OutfittersURBN.
In the report, Morgan Stanley noted, “We are encouraged by early signs of UO assortment adjustments and expect 2H14 upside. eComm investments and design-team process improvements position URBN well L-T. We expect opportunistic buybacks and at 15.5x ex-cash FY15 EPS, valuation is compelling. Reiterate O/W.”
Urban Outfitters closed on Friday at $36.32.
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