Wells Fargo Maintains Equal-Weight on Urban Outfitters, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating on Urban Outfitters but lowers the price target from $48 to $40.
August 22, 2024 | 3:04 pm
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Wells Fargo has maintained its Equal-Weight rating on Urban Outfitters but has lowered the price target from $48 to $40, indicating a less optimistic outlook.
The lowering of the price target from $48 to $40 by Wells Fargo suggests a 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 is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100