Barclays Maintains Overweight on Urban Outfitters, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Urban Outfitters but lowers the price target from $52 to $43.

August 22, 2024 | 2:31 pm
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Barclays has maintained its Overweight rating on Urban Outfitters but has reduced the price target from $52 to $43, indicating a more cautious outlook.
The reduction in the price target from $52 to $43 suggests a less optimistic view on Urban Outfitters' future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100