Jefferies & Co. has a Buy rating and a $43 price target on shares of Urban Outfitters URBN after the clothing company reported earnings yesterday after the bell.
In the research report Jefferies notes, "URBN remains a l-term winner, but we see some n-term headwinds as the market digests new mgmt, changing disclosure practices, and difficult 4Q'10 sales/margin compares. Thus trading oriented accounts may not see much upside potential over the next 2 qtrs, but l-term accounts should be rewarded over next 12 months."
Shares of Urban Outfitters are up $1.85 or 5.9% to $33.21 in early Tuesday trading.
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Posted In: Analyst ColorEarningsNewsGuidancePrice TargetMarketsAnalyst RatingsApparel RetailConsumer DiscretionaryJefferies & Co.
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