Wunderlich Securities Maintains Positive Outlook On Urban Outfitters Ahead Of Earnings Report

In a report published Friday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $42.00 price target on Urban Outfitters, Inc. URBN. In the report, Wunderlich Securities noted, "We are reiterating our Buy rating, above-consensus estimates, and $42 price target on Urban Outfitters, Inc. (URBN) with the company reporting fiscal 4Q15 results after the close on Monday, March 9. We believe, with solid 4Q comps of +6%, that the Street is missing the company's ability to register SG&A leverage in 4Q. Furthermore, we believe that Spring fashion trends of color and boho are solidly up the company's alley for all of its key chains and could drive momentum further in the name for FY16. Finally, with Street apathy in URBN at near-record levels, we believe the impact of a solid 4Q and an optimistic call should be stronger than usual. As such, we reiterate our Buy rating on URBN ahead of earnings." Urban Outfitters closed on Thursday at $38.74.