Goldman Sachs Neutral On Urban Outfitters (URBN)

Goldman Sachs Neutral On Urban Outfitters (URBN) Goldman Sachs has a Neutral rating and a $36 price target on shares of Urban Outfitters Inc. URBN. In a note to investors, Goldman writes, "Overall, we came away feeling comfortable with the long-term health of the brands in the US, and see the stock as a compelling investment given the appropriate time horizon. Near-term, headwinds may get worse before they get better, driving our Neutral 6-month view." Goldman goes on to say, "While we maintain our annual estimates, we are modestly lowering our 1Q EPS to reflect near-term headwinds. Our full year EPS and six-month price target of $36 are unchanged (target based on 19X our 2H11/1H12 EPS)." Shares of URBN gained 54 cents yesterday to close at $31.79, a gain of 1.7%.