Is Urban Outfitters Really Just a $15 Stock?
Urban Outfitters (NASDAQ: URBN) might be among the best positioned speciality retailers in the market right now, but one analyst sees a "real bloodbath" on the horizon, and she slashed her price target for the retailer from $23 down to $15 per share.
It's the latest, but most significant, revision by MKM Partners analyst Roxanne Meyer, who has tweaked her fair value of the apparel retailer several times over the last six months. It also brings her valuation in line with those of analysts at J.P. Morgan and Deutsche Bank, who cut their price targets over the last few weeks to $18 and $16, respectively.
Image source: Urban Outfitters.
Source Fool.com
