J.P. Morgan is out with its report today on Urban Outfitters URBN, maintaining Overweight.
In a note to clients, J.P. Morgan writes, "With differentiated concepts in an eclectic store environment, we continue to view URBN as a best-in-class retailer with a rare opportunity to more than double the store footprint over the next 5-10 years from 372 stores (12%-14% sq ft growth annually)."
J.P. Morgan has a $36 PT on URBN.
Shares of URBN closed Thursday at $31, down 0.90% from Wednesday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsApparel RetailConsumer DiscretionaryJ.P. MorganUrban Outfitters
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