Analyst Alex Straton upgraded the retailer to overweight, saying its low valuation relative to peers creates an attractive risk-reward balance to the upside.
Urban Outfitters could see big gains from here as an "inflection point" draws near, according to Morgan Stanley. Analyst Alex Straton upgraded the retailer to overweight from equal weight, saying that its low valuation relative to peers creates an attractive risk-reward balance to the upside.
mountain Shares in 2023 "Altogether, we upgrade now as we want to be ahead of that inflection, & think the aforementioned low relative valuation & outsized EBIT margin expansion potential vs. peers presents oppty," she said, adding that "outsized conservatism" baked into 2023 expectations creates potential for positive EPS adjustments. Given this setup, Straton lifted her price target to $41 from $27 a share, implying 27% upside from Monday's close.
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