Jefferies Keeps Lowest Rating on Urban Outfitters (URBN) Despite Slight Improvement

Despite a competitor upgrade coming in for Urban Outfitters, Inc. (NASDAQ: URBN) this morning amid the company's 10K filing, Jefferies is sticking with their Underperform rating and $17 price target.

The firm comments, "URBN's 10-K revealed comps are running up LSD% 1Q to date. While this shows a slight sequential improvement, all retailers have seen better results in 1Q, and we do not believe this slight improvement marks a sustained turn in the biz. We continue to believe URBN faces structural issues including slowing growth, eroding returns, over-sized stores, rising competition and unproven new growth vehicles."

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 $29.54 yesterday.

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