Morgan Stanley Maintains Overweight on Urban Outfitters, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Overweight rating on Urban Outfitters (NASDAQ:URBN) and raised the price target from $41 to $42.
August 23, 2023 | 3:11 pm
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Urban Outfitters' price target has been raised from $41 to $42 by Morgan Stanley, which maintains an Overweight rating on the stock.
The raised price target indicates that Morgan Stanley sees potential for the stock's price to increase. The Overweight rating suggests that they believe the stock will outperform the market in the near future. This could lead to increased investor interest and a potential rise in the stock's price.
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