Urban Outfitters remains favorite Specialty Retail idea, says Brean Capital Brean Capital said Urban Outfitters remains a favorite Specialty Retail idea following its Q1 results. The firm noted missed expectations at its namesake division but believes today's weakness will be a buying opportunity. Brean Capital believes the company remains one of the few remaining true growth stories. Shares are Buy rated with a $43 price target.
American 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).