Urban Outfitters predicts 60% fall in same-store sales on slow recovery

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Wedbush Reiterates Neutral Rating on Urban Outfitters, Inc. (URBN) Following Preliminary 1Q Results

May 20, 2020 7:08 AM EDT

Wedbush analyst Jen Redding reiterated a Neutral rating and $18.00 price target on Urban Outfitters, Inc. (NASDAQ: URBN) following the company's 1Q preliminary report. Excluding store impairment and its tax impact, Redding estimates loss per share at ($1.31). After all of the stores closed down on... More