Reported 2 days ago
Baird has upgraded Urban Outfitters, Inc. (URBN) from 'Neutral' to 'Outperform', raising its price target from $75 to $90, indicating a 20% potential growth. The company's first-quarter results showed a significant 74% increase in net income, driven by improved margins. The success of its subscription business, Nuuly, expected to grow by 43% to $540 million this year, is critical for continued momentum, highlighting URBN as a promising investment in the retail sector.
Source: YAHOO