Wunderlich Securities is Positive on Urban Outfitters Following Investor Day

In a report published Wednesday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $42.00 price target on

. In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, estimates, and $42 price target after attending Urban Outfitters' (URBN) Investor Day. The overall theme was the company's numerous growth levers, which appeared in everything from category development, square footage enlargement, international expansion, or even product additions. Further, Urban Outfitters laid out a 5-year plan that included prudent yet accelerated augmentation in category and product offerings, allowing each brand to be differentiated, yet completely holistic lifestyle brands. In the nearer term, management acknowledged (again) that the UO segment needed revitalization and refocus on product; they believe they are back on track. We continue to view Urban Outfitters as poised for a 2HFY15 comeback, and we remain buyers of URBN shares.” Urban Outfitters closed on Tuesday at $37.31.