NEW YORK (TheStreet) -- Wedbush cuts its price target on Urban Outfitters
(URBN - Get Report) to $36, reduced its estimates and set a "neutral" rating. The firm said the company has lower visibility.
The stock was up 1.08% to $37.32 in pre-market trading on Tuesday.
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Separately, TheStreet Ratings team rates URBAN OUTFITTERS INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate URBAN OUTFITTERS INC (URBN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: URBN Ratings Report
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