Urban Outfitters, Inc. (URBN) PT Raised to $35 at KeyBanc on 3Q Beat; 'Fashion is Back and It's Selling'

KeyBanc raised its price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $35.00 (from $26.00) while maintaining a Overweight rating, following the company's third quarter earnings report.

Analyst Edward Yuma notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenues above consensus projections driven positive comp performance from all three main brands fueled by increased demand for fashion apparel.

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