In a report published Tuesday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $42.00 price target on Urban Outfitters, Inc. URBN.
"We are reiterating our Buy rating, $42 price target, and above-consensus EPS projections after Urban Outfitters (URBN) reported solid upside for both comps and revenue in 4Q," the firm noted.
"While somewhat discount driven, we view the +6% 4Q same-store sales, with all divisions comping positive, as a key positive, positioning Urban Outfitters to begin to regain momentum and move back to its rightful price as a premium-multiple investment vehicle for specialty retail investors," they added.
Beder and his team explain that because of online revenue and strong expansion potential, Urban Outfitters is one of the "best positioned specialty retail plays."
They conclude: "We believe FY16 will be the year where URBN shines, and we reiterate our Buy rating on the stock."
Urban Outfitters closed on Monday at $36.51.
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