Jefferies Lowers Estimates On Urban Outfitters

According to Jefferies, Urban Outfitters URBN estimates are lowered. Jefferies said that, “There are multiple reasons or "risks" for why we remain guarded on URBN, which we believe investors need to take into consideration. With valuation still high and earnings risk escalating, we see this stock staying under pressure. Lowering estimates and reiterate Underperform rating.” Urban Outfitters closed yesterday at $32.90.