Morgan Stanley Foresees Urban Outfitters Coming Of Age In 2H14

In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $44.00 price target on Urban Outfitters (NASDAQ: URBN).

In the report, Morgan Stanley noted, “URBN's disappointing 2Q forward-looking commentary drove shares down 4.7% after-market. However, we thought 2Q Street estimates were too high to begin with and see 2H URBN improvement on track as comparisons ease and UO initiatives bear fruit. At 13.4x ex-cash FY15 EPS we remain O/W.”

Urban Outfitters closed on Monday at $36.17.