Cowen Raises Price Target on Urban Outfitters (URBN) to $33 Following 4Q
Cowen reiterated a Market Perform rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $33.00 (from $25.00), following the company's 4Q. Stock could trade +HSD on 4Q EPS beat.
Analyst Oliver Chen commented, "Value Creation Thru Speedier Supply Chain, Renewed Customer Focus, Omnichannel, & Flagship Store Experience. Stock could trade +HSD on 4Q EPS beat, positive merch. margin @ UO div & reg. px selling momentum. Future of URBN retail: category growth; channel growth; & geo. expansion. Reit. Market Perform as we believe robust fashion trend necessary to sustain L-T comp momentum."
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 $28.16 yesterday.