Wall Street Strategies Upgrades Urban Outfitters, Inc. (URBN) to Buy; Pulling the Trigger
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Price: $77.81 +2.11%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wall Street Strategies upgraded Urban Outfitters, Inc. (NASDAQ: URBN) from Sell to Buy, price target raised from $26 to $36.
WSS analyst, Brian Sozzi, said, "...it’s now an appropriate time to strike on Urban Outfitters shares in our view. Simply put, our store checks indicate Urban Outfitters has generally cleared through the merchandise that fell on deaf ears in 2Q12 (note we are not expecting good numbers for the quarter, this is a forward-looking call) and is starting to show improved trend to consumers both in its latest catalogs and at the store level."
For more ratings news on Urban Outfitters, Inc. click here and for the rating history of Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $32.17 yesterday.
WSS analyst, Brian Sozzi, said, "...it’s now an appropriate time to strike on Urban Outfitters shares in our view. Simply put, our store checks indicate Urban Outfitters has generally cleared through the merchandise that fell on deaf ears in 2Q12 (note we are not expecting good numbers for the quarter, this is a forward-looking call) and is starting to show improved trend to consumers both in its latest catalogs and at the store level."
For more ratings news on Urban Outfitters, Inc. click here and for the rating history of Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $32.17 yesterday.
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