Urban Outfitters (URBN) Shares Ready to Break Out -Morgan Stanley
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Price: $42.30 -1.19%
Rating Summary:
13 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
13 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade URBN Now!
Traders are bidding up shares of Urban Outfitters (Nasdaq: URBN) Tuesday afternoon following the addition of the stock to Morgan Stanley's "Best Ideas" list earlier.
The firm believes the recently-rangebound stock is ready to break out as the company has shaken-up management and "decisively" cleared excess product. Earnings could double over the next three years, according to Morgan Stanley.
The firm boosted its price target on Urban Outfitters shares from $31 to $36. An Overweight rating is maintained.
With shares up 3.2 percent to $30.42 at last check, Morgan Stanley's new price target implies potential upside of about 18 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Urban Outfitters.
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The firm believes the recently-rangebound stock is ready to break out as the company has shaken-up management and "decisively" cleared excess product. Earnings could double over the next three years, according to Morgan Stanley.
The firm boosted its price target on Urban Outfitters shares from $31 to $36. An Overweight rating is maintained.
With shares up 3.2 percent to $30.42 at last check, Morgan Stanley's new price target implies potential upside of about 18 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Urban Outfitters.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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