On Friday, analysts at Brean Capital initiated coverage on shares of Urban Outfitters URBN with a Buy rating and $40 price target.
Liz Pierce outlined multiple reasons for the initiation.
- Multiple core competencies give the company a competitive advantage.
- Significant revenue growth opportunities.
- Elevated brand experience at retail locations.
- Robust international growth potential with its lifestyle focus.
- Considerable direct-to consumer growth.
- Leveraging technology and shared services are margin drivers.
Pierce finds that Urban Outfitters is the “best of breed” retailer given its diversified, omni-channel platform and its ability to connect with consumers emotions.
Shares of Urban Outfitters recently traded at $30.85 down 1 percent.
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