Morgan Stanley Upgrades Urban Outfitters to Overweight, Raises Price Target to $41
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Kimberly Greenberger upgraded Urban Outfitters (NASDAQ:URBN) from Equal-Weight to Overweight and raised the price target from $27 to $41.
June 13, 2023 | 8:22 am
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Urban Outfitters (NASDAQ:URBN) has been upgraded to Overweight by Morgan Stanley, with a raised price target of $41.
Morgan Stanley's upgrade of Urban Outfitters to Overweight and the raised price target of $41 indicate a positive outlook for the company's stock. This news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100