Jefferies Downgrades Urban Outfitters to Hold, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Randal Konik has downgraded Urban Outfitters (NASDAQ:URBN) from Buy to Hold and lowered the price target from $42 to $31.
September 25, 2023 | 9:43 am
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Urban Outfitters has been downgraded by Jefferies from Buy to Hold, with a lowered price target from $42 to $31.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Urban Outfitters. The lowered price target from $42 to $31 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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