Piper Jaffray Upgrades Urban Outfitters (URBN), Wet Seal (WTSLA), Zumiez (ZUMZ) to Overweight

April 5, 2011 5:14 PM EDT Send to a Friend
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Price: $44.49 -0.11%

Rating Summary:
    13 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 6
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Several stocks in the Apparel sector are on the move after-hours following late-day upgrades from an analyst at Piper Jaffray.

The firm's Jeff Klinefelter raised his investment ratings on Urban Outfitters (Nasdaq: URBN), Wet Seal (Nasdaq: WTSLA) and Zumiez (Nasdaq: ZUMZ) from Neutral to Overweight.

The analyst maintains a $36 price target on Urban Outfitters, and boosted his targets on Wet Seal and Zumiez from $4 and $27 to $5 and $33, respectively.

In the post-market session, Urban Outfitter shares are up almost 2 percent to $31.24, Wet Seal shares are up 3.6 percent to $4.50 and shares of Zumiez are up about 1.4 percent to $27.76.

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