Maxim Group Starts Urban Outfitters, Inc. (URBN) at Hold

Maxim Group initiates coverage on Urban Outfitters, Inc. (NASDAQ: URBN) with a Hold rating and $41 price target, saying the upside is priced in.

Maxim analyst Rick Snyder notes, "We arrive at our price target by applying a 1.0x PEG multiple to our fiscal year 2016 (ending in January 2016) EPS estimate of $2.47. While we believe that "growthy" specialty retailers should typically trade at a 1.0x PEG multiple, and that Urban Outfitters shares are fully valued at current levels."

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 $39.54 yesterday.

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