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Urban Outfitters Remains Citi's Sole Buy-Rated Stock Heading Into Specialty Apparel Earnings

American Eagle Outfitters, Inc. NYSE:AEO, Abercrombie & Fitch Company NYSE:ANF - Urban Outfitters Remains Citi's Sole Buy-Rated Stock Heading Into Specialty Apparel Earnings

Citi's Paul Lejuez offered a quick preview into the Specialty Apparel first-quarter earnings season Thursday morning. The analyst lowered estimates on estimates for the sector across the board.

"...while we believe that 1Q likely started strong for most, Macy's, Inc. M 0.54% and Gap Inc GPS 3.88% confirmed our belief that trends weakened mid quarter. Our concern is that Feb and early March were the exception (the easy-to-hit-fastball over the plate benefiting from favorable weather and easier comparisons), rather than the rule. Specialty retailers have not been good curveball hitters of late..." Lejuez noted.

Heading into results over the next two weeks, Urban Outfitters, Inc. URBN 0.48% remains the analyst's sole Buy rating. The remainder sit at Neutral.

  • Urban Outfitters - expected to report May 18.
DateFirmActionFromTo
Apr 2016BMO CapitalDowngradesOutperformMarket Perform
Apr 2016Deutsche BankInitiates Coverage onHold
Jan 2016BB&T CapitalDowngradesBuyHold

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