Deutsche Bank Maintains a 'Buy' on Urban Outfitters, Inc. (URBN); Despite Some Risk, Better Call Than Expected...L-T Thesis Intact

Deutsche Bank maintains a 'Buy' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $32.00.

Deutsche analyst said, "Coming in to the 4Q report, there were two key themes around which we wanted to build further confidence in our LT Buy rating. First, that over time, EBIT margin of ~20% was still 'on the table', as was a pathway to recovering lost margin in 2012/13. Second, that this ‘new’ mgmt. team was confident around product direction and a global business plan. While we discuss risks below, on both counts, we felt the call was positive. These, along with P/E support from a ‘risk-on’ market, likely keep investors looking towards 2H12/2013."

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 $29.51 yesterday.

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