Why Urban Outfitters Stock Blasted Higher in December
A good showing during an important retail period and an analyst price target lift were the news items driving Urban Outfitters (NASDAQ: URBN) higher in December. The veteran apparel retailer saw its share price close the month at almost 13% higher, as investors were cheered by the latest headlines concerning the company.
Urban Outfitters did rather well during the unofficial Black Friday shopping holiday at the end of November. That, at least, is the evaluation of researcher BMO, which identified the retailer as one of the better performers in the sector during the period.
According to reports, in a fresh analysis published at the start of December, BMO said Urban Outfitters and the high-end clothier Anthropologie delivered strong sales and brisk inventory turnover for the period. It also singled out cosmetics specialist Ulta Beauty for similar performance.
Source Fool.com
Bank of Montreal Stock
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With a target price of 149 € there is a positive potential of 34.23% for Bank of Montreal compared to the current price of 111.0 €.
