Barclays Maintains an 'Overweight' on Urban Outfitters (URBN) After Intimate Dinner with Management

Barclays maintains an 'Overweight' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $35.00.

Analyst, Stacy Pak, said, "Our sense is Chairman & CEO Hayne is quite encouraged about the team he has in place, that the company has direction, and while he is not committing to a particular time frame, that he believes the right pieces are in place for a turn."

Pak was also impressed with the CEO of Anthropologie, David McCreight. The Barclays analyst felt that McCreight was a better fit than first thought and he has a sensible plan to get his business back on the tracks. Disciplined inventory and new assortment were priorities on this year's agenda.

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 $29.49 yesterday.

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