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Brean Murray Carret & Co Raises Estimates on Urban Outfitters

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Urban Outfitters Valuation Overly Optimistic?

According to a research report this morning, Brean Murray Carret & Co raises FY13 EPS from $1.40 to $1.46 on Urban Outfitters (NASDAQ: URBN) following the $0.08 upside to its 1Q projections.

Brean Murray Carret & Co explained, “We continue to assume gross margin upside in 2H, which is the lynchpin for management's back half optimism, remains muted as the company's top line comp growth remains weak and we believe the focus on full price selling will be difficult; we continue to believe the current color driven fashion trends do not serve to drive strong results for the company.”

Urban Outfitters closed yesterday at $26.16 as Brean Murray Carret maintains its Sell rating and $23 PT.

Latest Ratings for URBN

DateFirmActionFromTo
Oct 2017Deutsche BankDowngradesHoldSell
Aug 2017Morgan StanleyMaintainsEqual-Weight
Aug 2017Bank of AmericaMaintainsBuy

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View the Latest Analyst Ratings

Posted-In: Brean Murray Carret & Co.Analyst Color Reiteration Analyst Ratings

 

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