Wunderlich Securities Maintains Positive Outlook on Urban Outfitters

In a report published Monday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $42.00 price target on Urban Outfitters URBN. In the report, Wunderlich Securities noted, “We are reiterating our above-consensus 4Q comps and earnings with Urban Outfitters (URBN) reporting 4QFY15 sales on Thursday. We believe momentum has remained strong into January and that the Street continues to underestimate sales and SG&A leverage potential for the company. While we are not ready to call a full blown turn yet, we believe FY16 is shaping up to be a bounce-back year for the company and we believe the risk/reward for URBN is one of the most compelling in our specialty retailing universe. As such, we reiterate our Buy rating on URBN ahead of the 4Q same-store sales release on Thursday before the open.” Urban Outfitters closed on Friday at $34.86.