UBS Upgrades Urban Outfitters to Neutral, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole upgraded Urban Outfitters (NASDAQ:URBN) from Sell to Neutral and increased the price target from $21 to $41, indicating a more positive outlook on the company's stock.
February 12, 2024 | 10:22 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
UBS upgraded Urban Outfitters from Sell to Neutral and raised the price target from $21 to $41, showing a more optimistic view on the stock.
The upgrade from Sell to Neutral by a major analyst like UBS, coupled with a significant increase in the price target, suggests a positive reassessment of Urban Outfitters' future prospects. This is likely to be viewed favorably by the market, potentially leading to a short-term increase in the stock price as investors adjust their positions based on this new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100