Urban Outfitters (URBN) Price Target Increased at Deutsche

Deutsche Bank upped its price target to $32 from $28 on Urban Outfitters (URBN) stock this morning.
By Annie Palmer ,

NEW YORK (TheStreet) -- Deutsche Bank raised its price target to $32 from $28 on Urban Outfitters (URBN) - Get Report  stock Monday morning. 

The firm maintained its "hold" rating on the Philadelphia-based clothing company but upped its 2016 second quarter estimates to 56 cents from 51 cents. Upside risks on the stock include acceleration in top-line trends and leverage of fixed expenses, Deutsche Bank noted. 

"The UO brand has shown the most improvement (full price comps up 6% in 1Q16), benefitting from better bproduct execution, while Anthropologie and Free People have been suffering from weak apparel comps due to limited inventory and fashion missteps, respectively; however non-apparel categories continue to gain momentum and additional square footage in-store," the firm continued in an analyst note.

Though mall traffic continues to be unsteady, Urban Outfitters' brand growth in the home goods category has been particularly successful, Deutsche Bank added. 

Shares of Urban Outfitters are up 3.02% to $30.04 in afternoon trading today.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate URBAN OUTFITTERS INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: URBN

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