Weak Holiday Sales Weigh On Urban Outfitters Stock


Shares of Urban Outfitters are sinking early Wednesday after a disappointing holiday sales update, where the apparel retailer highlighted challenges that soaring Covid-19 case counts presented during the key selling season.

Telsey Advisory Group’s Dana Telsey reiterated an Outperform rating and $35 price target. “With the most difficult months in the rearview mirror, we believe URBN could continue to benefit from the momentum on display in January as it laps easier [comparisons] in the coming months and quarters.”

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