Urban Outfitters (URBN) Q2 Comps Down Mid Single-Digits in Q2 So Far
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UBS Cuts Price Target on Urban Outfitters (URBN) to $30; Reiterates Neutral
June 10, 2016 8:48 AM EDTUBS maintained a Neutral rating on Urban Outfitters, Inc. (NASDAQ: URBN), and cut the price target to $30.00 (from $33.00), as 2Q trends continue to decelerate. URBN lowered 2Q estimates to $0.50 from $0.57, compared to the Street's $0.58 estimate. These changes are to reflect an SSS of... More
Urban Outfitters (URBN) Negative Comp Trend Creates Uncertainty, Cutting Ests - Wells Fargo
June 10, 2016 7:36 AM EDTWells Fargo analyst, Ike Boruchow, cut his Urban Outfitters, Inc. (NASDAQ: URBN) estimates after a QTD trend in the 10Q indicates slowing sales trends. Valuation range goes to $24 to $26 from $25 to $27.
After surprising investors with a solid Q1 comp of +1%, URBN appeared to be making real... More
