Urban Outfitters price target raised to $52 from $50 at Barclays

Barclays raised the firm’s price target on Urban Outfitters to $52 from $50 and keeps an Overweight rating on the shares. After having recently visited Urban’s HQ in Philadelphia with members of the executive management team, the analyst views the company as “uniquely positioned” to benefit from strong brand positioning and a product silhouette shift. The firm thinks Urban can deliver consistent upside to sales and EPS in FY24, the analyst tells investors.