Citigroup Downgrades Urban Outfitters to Neutral, Raises Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Lejuez has downgraded Urban Outfitters from Buy to Neutral, while raising the price target from $36 to $40.
August 14, 2023 | 10:55 am
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NEUTRAL IMPACT
Urban Outfitters has been downgraded to Neutral from Buy by Citigroup, but the price target has been raised from $36 to $40.
The downgrade from Buy to Neutral suggests that Citigroup sees less upside potential for Urban Outfitters, which could lead to a short-term neutral impact on the stock. However, the raised price target indicates that Citigroup still sees some potential for the stock to grow, which could offset any negative sentiment from the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100