Piper Jaffray Reiterates Overweight on Urban Outfitters

Piper Jaffray is out with its report today on Urban Outfitters

, reiterating Overweight. In its report, Piper Jaffray writes, "We are reiterating our Overweight rating on URBN shares in view of our expectation for market share gains driven by its focus on a fashion-oriented assortment and the emergence of Free People as a relevant brand for young women." Piper Jaffray maintains a $35 PT on URBN. Shares of URBN closed Tuesday at $22.49, up 2.69% from Monday's close.