— 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.
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U.S. Steel to explore strategic alternatives for the companySteel producer United States Steel Corporation said on Sunday it is initiating a formal review to evaluate strategic alternatives for the company.
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US Steel receiving acquisition offers as company promises to maximize stockholder value | CNN BusinessUnited States Steel Corp. (X) is considering a sale after fielding acquisition offers, according to a news release Sunday from the company.
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