Jefferies Downgrades Urban Outfitters to Underperform, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Corey Tarlowe downgraded Urban Outfitters (NASDAQ:URBN) from Hold to Underperform and reduced the price target from $42 to $32, indicating a bearish outlook on the stock.

April 17, 2024 | 11:18 am
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Jefferies downgraded Urban Outfitters to Underperform and lowered the price target to $32, suggesting a negative short-term outlook.
The downgrade by Jefferies from Hold to Underperform, accompanied by a significant reduction in the price target from $42 to $32, directly impacts Urban Outfitters' stock by setting a bearish market expectation. This analyst action can influence investor sentiment and potentially lead to a decrease in stock price in the short term, reflecting the analyst's negative outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100