Telsey Advisory Group Downgrades Urban Outfitters to Market Perform, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has downgraded Urban Outfitters from Outperform to Market Perform and reduced its price target from $49 to $44.
August 22, 2024 | 12:01 pm
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Telsey Advisory Group downgraded Urban Outfitters from Outperform to Market Perform, reducing the price target from $49 to $44, indicating a less optimistic outlook.
The downgrade from Outperform to Market Perform suggests a less favorable view of Urban Outfitters' future performance. The lowered price target from $49 to $44 indicates reduced expectations for the stock's potential upside, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100