Jefferies Still Very Negative on Urban Outfitters (URBN) Despite Hiring of Marlow

Urban Outfitters' (NASDAQ: URBN) hiring of former President Ted Marlow as its new CEO hasn't changed Jefferies negative view of the stock.

The firm reiterated its Underperform rating and $17 price target target Friday, saying "we think structural issues such as slowing growth, rising competition and declining returns are pressures that more than offset the benefit of any recent mgmt changes."

The firm said the Marlow announcment was largely anticipated.

For an analyst ratings summary and ratings history on Urban Outfitters, Inc. click here. For more ratings news on Urban Outfitters, Inc. click here.

Shares of Urban Outfitters, Inc. closed at $26.44 yesterday, with a 52 week range of $21.47-$39.26.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Nomura Securities Maintains a 'Neutral' on Urban Outfitters (URBN); Staying Sidelined Despite Positive Q1 Surprises
• Barclays Attends Total System Services' (TSS) Analyst Day: Three Signs For Additional Upside
• UBS Raises Price Target and Estimates on Williams-Sonoma (WSM); Positive Momentum Is Beginning To Pick Up

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter