Urban Outfitters should rebound in second half, says Canaccord Canaccord said the weakness in Q1 results was not a surprise and expects the company to rebound in the second half of the year. The firm anticipates new products from the reorganized UO team to hit stores during the back-to-school season and said historically the company has gotten back on track quickly following fashion misses. Shares are Buy rated and price target lowered to $48 from $49.
News For URBN From The Last 14 Days
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Urban Outfitters upgraded to Outperform from Neutral at RW Baird RW Baird upgraded Urban Outfitters to Outperform citing a more favorable risk/reward following the company's Q2 results. Baird highlights merchandise improvements at the namesake brand and momentum at Anthropologie and Free People. The firm raised its price target for shares to $44 from $40.