Urban Outfitters Climbs on Second-Quarter Earnings Beat

Urban Outfitters (URBN) - Get Report  shares were up in morning trading Thursday following the company's strong second quarter financial results unveiled after the closing bell Wednesday. Shares of the apparel retailer had climbed more than 15% Wednesday after posting earnings of $0.66 a share on $890 million in revenue vs. consensus expectations of $0.56 on revenue of $886.84 million. Analysts at Baird raised its price target on the company to $38 from $33 while maintaining its Outperform rating. Cowen also raised its price target to $37 from $28, and Deutsche Bank raised its target to $37 from $32. Shares of Urban Outfitters are now up about 17% over the past 12 months.

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