Barclays raised the firm’s price target on Urban Outfitters (URBN) to $63 from $51 and keeps an Overweight rating on the shares. The firm says preliminary Q4 results for the specialty retailers are strong, as holiday demand topped expectations. The consumer remains resilient and is responding to promotions, the analyst tells investors in a research note.
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Read More on URBN:
- Urban Outfitters price target raised to $56 from $46 at Telsey Advisory
- Urban Outfitters reports ‘record’ holiday sales, net sales increase 10% y/y
- Urban Outfitters price target raised to $60 from $45 at UBS
- Urban Outfitters price target raised to $54 from $46 at JPMorgan
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