Morgan Stanley Downgrades Urban Outfitters To Equal-weight

Analysts at Morgan Stanley downgraded Urban Outfitters

from Overweight to Equal-weight. The price target for Urban Outfitters has been lowered from $44 to $31. Urban Outfitters shares have dropped 6.62% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the same period. Urban Outfitters' shares dipped 13.19% to $30.00 in pre-market trading.