Urban Outfitters Jumps After Wells Fargo Upgrade 

Investing.com – Retailer Urban Outfitters (NASDAQ:) jumped in midday trade on Monday after an upgrade to outperform from market perform by an analyst at Wells Fargo (NYSE:).

Jen Redding increased the clothing company’s target price to $30 a share from $25 a share, saying that “though both the UO and (Anthropology) businesses have slowed lately, we believe that an improved business model can enable them to drive a turnaround.”

Redding added that she believed the two would soon change course, increasing numbers and expanding.

Urban Outfitters (NASDAQ:) gained 4.7% in midday trade.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.