Urban Outfitters weakness a buying opportunity, says Canaccord Canaccord believes investors should take advantage of the tepid investor sentiment towards Urban Outfitters which has led to a decline this year. The firm expects its namesake brand to rebound in the second half and same store sales growth to return by Q4. The firm has a Buy rating and $48 price target on the stock.
News For URBN From The Last 14 Days
Check below for free stories on URBN the last two weeks.
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.