Morgan Stanley Maintains Equal-Weight on Urban Outfitters, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Equal-Weight rating on Urban Outfitters (NASDAQ:URBN) but lowers the price target from $40 to $38.
August 22, 2024 | 11:17 am
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Morgan Stanley has maintained its Equal-Weight rating on Urban Outfitters but has lowered the price target from $40 to $38, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on Urban Outfitters' future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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