Jefferies Reiterates Urban Outfitters Underperform, $19 PT

Jefferies reiterated its Urban Outfitters (NASDAQ: URBN) Underperform rating and $19 price target in a research report published today.

In the report, Jefferies states, "We remain cautious around URBN shares as growth slows, returns erode and trends are not expected to snap back anytime soon. With various headwinds including a lack of topline momentum, uncertain fashion trends and sourcing pressures, we see further risk to margins and earnings."

Shares of Urban Outfitters were trading at $24.61 at the time of posting, down 0.89% from Friday's market close.