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Stock Market & Financial Investment News

News Breaks
April 2, 2013
09:29 EDTURBNUrban Outfitters shares trade up, levels to watch
The stock is up over 6% this morning to $40.82 after the company last night in a 10-K filing noted Q1 comparable retail segment net sales were up in the high single digits. Barclays initiated the shares this morning at Overweight, with a $50 price target. At current price, resistance is at $41.71. Support is at $39.52.
News For URBN From The Last 14 Days
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March 29, 2015
18:01 EDTURBNInvestors should use caution with Urban Outfitters, Barron's says
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March 27, 2015
05:52 EDTURBNAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).

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