Seizing On A Dip, Vetr Upgrades Urban Outfitters

The Vetr crowd upgraded their rating for Urban Outfitters, Inc. URBN from 3 stars (Hold), issued six days ago, to 4 stars (Buy). Sentiment for the stock among the Vetr crowd is generally positive, with 71 percent of user ratings bullish.

Vetr's upgrade arrives on a slew of underwhelming reports from many fashion retailers amid the holiday shopping season. Urban Outfitters was down nearly 8.5 percent from its December high of $35.50 to around $32.68 Tuesday afternoon.

Expectations for the stock remain mediocre among analysts. Late in November, Morgan Stanley and Wunderlich downgraded Urban Outfitters from Overweight to Equal-weight and Buy to Hold, respectively.

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Currently, the Vetr crowd's average target price is up at $35.42, which is right around the average analyst target price of $35.59. Less than 2 percent of Vetr users are holding URBN in their watch lists.