Wunderlich Securities Sees Momentum Rising for Urban Outfitters

In a report published Thursday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $42.00 price target on Urban Outfitters URBN. In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, estimates and $42 price target for Urban Outfitters (URBN) with the company scheduled to announce 2QFY15 (July) results after the close on Monday (Aug. 18). We believe our penny above consensus 2Q EPS projection is achievable. More importantly, we expect management to be upbeat on initial Fall/back-to-school results, as we believe inventories are clean and the product is increasingly becoming more relevant. We continue to look towards 2HFY15 as the period where the Urban Outfitters chain begins to turn and the company begins to return to the mantle of a growth stock for investors. As such, we remain buyers of URBN ahead of earnings.” Urban Outfitters closed on Wednesday at $36.36.