Urban Outfitters downgraded at Wedbush As noted earlier, Wedbush downgraded Urban Outfitters to Neutral from Outperform. The firm believes that recent promotions at the company's Anthropologie stores suggest that Anthropologie's sales may be slowing. Target to $37 from $46.
Urban Outfitters gaps up following upgrade Shares are up over 3% to $36.49 at time of writing following an earlier upgrade at Jefferies to Buy, with a $50 price target. At current price resistance is at $36.93, the top of the recent trading range since mid-May. Support is at $35.82.