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Urban Outfitters, Inc. (URBN)
by Zacks Equity ResearchSeptember 07, 2012 | Comments : 0 Recommended this article: (0)
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The company is now trying to optimize inventory level, and focusing on increasing customer count through store expansion, online and mobile marketing endeavors and expansion of direct-to-consumer business. Further, the company's debt-free balance sheet also augurs well for future growth.
Consequently, we upgrade our recommendation on the stock to Outperform. Our target price of $42.00, 26.6X 2013 EPS, reflects this view.