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Actionable news in URBN: Urban Outfitters, Inc.,

Ritholtz Wealth Management CEO Brown Not Buying Into Urban Outfitters' (URBN) Success

NEW YORK (TheStreet) --Shares of Urban Outfitters (URBN) were surging by 17.48% to $36.71 during on Wednesday afternoon, as the company reported better-than-expect 2016 second-quarter earnings after the close on Tuesday. The apparel retailer posted earnings of 66 cents per share on revenue of $890.6 million (a record for the company). Both, topping Wall Street's expectations of 55 cents on revenue of $885.6 million.

In light of the earnings results Evercore ISI has upgraded Urban Outfitters to "buy" from "neutral." The firm was impressed with Urban Outfitter's positioning in today's "digitally reshaped retail...