— The clothing retailer shed 2.5% following a downgrade by Citi to neutral from buy.
While the Wall Street firm expects an earnings beat when Urban Outfitters reports next week, it believes the risk/reward is more balanced at current levels. The Urban Outfitters brand will be slower to turn around, ultimately limiting possible upside to earnings per share, the firm wrote.
France Dernières Nouvelles, France Actualités
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