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Urban Outfitters price target raised to $68 from $63 at Barclays

Urban Outfitters price target raised to $68 from $63 at Barclays

Barclays raised the firm’s price target on Urban Outfitters (URBN) to $68 from $63 and keeps an Overweight rating on the shares post the Q4 report. The company reported a Q4 that beat on total sales, margin and earnings, though missing on consolidated comps, the analyst tells investors in a research note. With improving product margins, Barclays sees early signs of a multi-year turn at the Urban Outfitters brand.

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