Brean Capital Upgrades Urban Outfitters, Inc. (URBN) to Buy; Co. is 'Turning the Corner'

February 10, 2014 7:32 AM EST
Get Alerts URBN Hot Sheet
Price: $37.24 +1.50%

Rating Summary:
    14 Buy, 27 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
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Brean Capital upgraded Urban Outfitters, Inc. (NASDAQ: URBN) from Hold to Buy with a price target of $43.00.

Analyst Eric Beder said, "We believe, based on our pricing survey and store tours that the Urban Outfitters chain is slowly turning the corner, while both Anthropologie and Free People remain strong. Further, with URBN within 10% of its 52 week low and Street sentiment on the name among the weakest we can recall, we believe the risk/reward in the name is now compelling. Our new price target of $43 translates to 17.5X our FY16 EPS projection of $2.47 (15.4X cash adjusted); we believe URBN, as one of the few visible growth stories in retailing, is well worth a premium multiple."

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 $36.24 yesterday.


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