BMO Capital Maintains Market Perform on Urban Outfitters, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained a Market Perform rating on Urban Outfitters but has lowered the price target from $42 to $39.
August 22, 2024 | 12:15 pm
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BMO Capital has maintained its Market Perform rating on Urban Outfitters but reduced the price target from $42 to $39, indicating a slightly less optimistic outlook.
The lowering of the price target from $42 to $39 by BMO Capital suggests a less optimistic view on Urban Outfitters' future performance, which could lead to a short-term negative impact on the stock price. The Market Perform rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100