Brean Capital Initiates Coverage On Urban Outfitters

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.