1354 ET - Urban Outfitters reported a 4Q beat, but sales for its namesake brand continued to trend negatively. The potential recovery of Urban Outfitters' namesake brand that its parent company is forecasting for the current year isn't clear yet, Jefferies analysts say in a research note. "We remain cautious on the name, as it is too early to declare the Urban Outfitters [brand] turnaround a success," the analysts say. Urban Outfitters' core brands have been beneficiaries of a recent emerging fashion cycle, but we the stock could be hit by negative comparable sales across its namesake brand, promotional headwinds and increased competition, analysts add. Jefferies raises its target price to $42 a share from $40 a share previously. Shares rise 9.1% to $57.67. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 27, 2025 13:54 ET (18:54 GMT)
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