2020-11-24 07:02:38 URBN Urban Outfitters
11/24/20 11/2407:02 11/24/2007:02 | Urban Outfitters price target raised to $30 from $24 at Loop CapitalLoop Capital analyst Laura Champine raised the firm's price target on Urban Outfitters to $30 from $24 but keeps a Hold rating on the shares. The analyst is citing the company's "much better" margins and "slightly better" than expected sales, also raising her FY21 EPS view to 22c from (29c). Champine adds that while she continues to model Q4 margins down 79bps, this is due to pressure from delivery and logistics costs. The analyst further states that Urban Outfitters' store traffic remains light and she prefers a neutral stance as the holidays approach, even though the company's online growth is accelerating. |
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