News For URBN From The Last 14 Days Check below for free stories on URBN the last two weeks.
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February 5, 2010
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| 06:56 EDT |  | URBN |
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February 4, 2010
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| 06:23 EDT |  | URBN |
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February 1, 2010
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| 20:36 EDT |  | URBN |
| theflyonthewall.com: | Barrons.com would continue to 'sit this one out' on Urban Outfitters | | On Friday night, the S&P 500 said that specialty apparel retailer Urban Outfitters (URBN) would replace Affiliated Computer Services' spot in the index, causing the shares to 2.8% on the news to $32.45. The stock had already gotten a 3.4% boost Friday from an upgrade by brokerage firm FBR Capital Markets, as they believe strong execution will support the more expensive valuation. Since Barrons.com wrote bearishly on Urban Outfitters last August, the stock gains have been muted. They would continue to sit this one out, particularly with the latest data still showing a less-than-stellar retail environment. Wedbush Morgan analyst Betty Chen echos Barrons.com's sentiment saying, "Our belief based upon some of the traffic trends we saw in January is that we're going to be very choppy in the first three-to-six months of the year." "Partially because if you look at unemployment and housing it's still very volatile. And when we speak to consumers they also remain very cautious on spending." A chilly January across the country hasn't helped either. Urban Outfitters stock fetches 22x projected earnings for the next year. That's cheaper than when Barrons.com last wrote about the company, but still above a group average of about 17x. Reference Link :theflyonthewall.com |
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January 29, 2010
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| 17:32 EDT |  | URBN |
| theflyonthewall.com: | Intrepid Potash to be added to S&P 400; Urban Outfitters deleted on a date TBA | | :theflyonthewall.com |
| | 17:30 EDT | | URBN |
| theflyonthewall.com: | Urban Outfitters to be added to S&P 500; Affiliated Computer deleted on date TBA |
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| | 09:00 EDT |  | URBN |
| theflyonthewall.com: | On The Fly: Analysts Upgrade Summary | | MOST NOTEWORTHY: Wal-Mart (WMT), Urban Outfitters (URBN) and Manpower (MAN) were today's noteworthy upgrades: Goldman upgraded Wal-Mart to Buy from Neutral citing compelling valuation, margin expansion, and expense control. The firm has a $60 target on the stock. FBR Capital upgraded Urban Outfitters to Outperform from Market Perform on valuation and its belief that sustainable positive comp trends will return in 2010. The firm maintains a $35 price target on shares. JP Morgan upgraded Manpower to Overweight from Neutral. The firm cites valuation and improving temp fundamentals in the U.S. and France for the upgrade and has a $70 price target on the stock...OTHER UPGRADES: Arena Resources (ARD) was upgraded to Buy from Neutral at SunTrust. C.R. Bard (BCR) was upgraded to Neutral from Underweight at Piper Jaffray. Cardinal Health (CAH) was upgraded to Overweight from Market Weight at Thomas Weisel. :theflyonthewall.com |
| | 06:56 EDT |  | URBN |
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