Will This Price Target Cut Hurt Urban Outfitters (URBN) Stock Today?

NEW YORK (TheStreet) -- Urban Outfitters (URBN) stock has had its price target decreased to $50 from $54, Jefferies said Tuesday. The firm said the revision was driven by expected gross margin percentage contraction. A "buy" rating was reiterated. 

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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 a number of strengths, 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, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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