Baird raised the firm’s price target on Urban Outfitters (URBN) to $49 from $47 and keeps a Neutral rating on the shares. The firm said they delivered another nice earnings beat primarily on higher gross margins. Importantly, demand trends firmed after an early FQ3 hiccup and management is positive on its positioning into holiday season.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters price target raised to $41 from $38 at Morgan Stanley
- Urban Outfitters price target raised to $48 from $40 at Wells Fargo
- Urban Outfitters price target raised to $51 from $43 at Barclays
- Urban Outfitters upgraded to Buy from Neutral at Citi
- Closing Bell Movers: Ambarella surges after earnings