UBS Maintains Sell on Urban Outfitters, Raises Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Jay Sole maintains a 'Sell' rating on Urban Outfitters (NASDAQ:URBN) and raises the price target from $20 to $21.
August 23, 2023 | 12:20 pm
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UBS maintains a 'Sell' rating on Urban Outfitters and raises the price target from $20 to $21.
The 'Sell' rating maintained by UBS indicates a negative outlook for Urban Outfitters. However, the increase in price target from $20 to $21 suggests that the analyst sees some potential for the stock's price to rise, albeit not enough to change the overall negative rating. This could lead to downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100