Oppenheimer Downgrades Urban Outfitters To Market Perform

Oppenheimer downgraded Urban Outfitters, Inc. URBN from Outperform to Market Perform. The price target for Urban Outfitters has been lowered from $44.00 to $35.00. Urban Outfitters shares have gained 12.58 percent over the past 52 weeks, while the S&P 500 index has surged 12.95 percent in the same period. Urban Outfitters' shares fell 15.42 percent to $34.44 in pre-market trading.