XRT - Urban Outfitters and Bath & Body Works poised to beat earnings says Deutsche Bank
Urban Outfitters (URBN -0.2%) and Bath & Body Works (BBWI) are Deutsche Bank's Short-Term Catalyst Buy Ideas heading into Q3 earnings. Analyst Gabriella Carbone sees URBN rising as the stock underperformed peers. URBN is down 8% over the past three months, while the S&P Retail ETR (XRT -1.1%) has risen 8%. She notes that a pullback in promotional activity at its brands should help its bottom line as consumer demand remains strong. Meanwhile, Carbone believes that BBWI could rise even higher after gaining 22% over the past three months. Based on the firm's checks, the company has also been running fewer promotions and is set for an earnings beat. She is confident that the retailer was able to pass on higher input costs to customers. See which other stocks are on alert for potential catalysts with Seeking Alpha's Catalyst Watch here.
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Urban Outfitters and Bath & Body Works poised to beat earnings, says Deutsche Bank