URBN - Urban Outfitters attracts bull rating from B Riley just ahead of earnings

B Riley upgrades Urban Outfitters (NASDAQ:URBN) to a Buy rating after having the retailer lined up at Neutral. The firm says its sees URBN continuing to benefit from a very rational promo environment particularly within limited, high demand, on-trend fashion. "Our in-store and online checks show all three brands with lower levels of promotion vs. 2020 and 2019, and we believe high levels of full-price selling continued in 3Q21 and into 4QTD." Shares of Urban Outfitters (URBN) are up 2.03% premarket to $37.65. URBN is due to report earnings on November 22 on a hot streak. The retailer has topped revenue estimates in four of the last five quarters and EPS estimates in five of the last five quarters.

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Urban Outfitters attracts bull rating from B Riley just ahead of earnings