Companies in the Services sector have received a lot of coverage today as analysts weigh in on Urban Outfitters (URBN) and Target (TGT).
Urban Outfitters (URBN)
Wolfe Research analyst Adrienne Tennant maintained a Buy rating on Urban Outfitters today and set a price target of $26. The company’s shares closed last Monday at $22.36, close to its 52-week low of $19.63.
Tennant has an average return of 3.9% when recommending Urban Outfitters.
According to TipRanks.com, Tennant is ranked #1561 out of 5240 analysts.
Urban Outfitters has an analyst consensus of Moderate Buy, with a price target consensus of $26.85, a 27.4% upside from current levels. In a report issued on August 19, Morgan Stanley also maintained a Buy rating on the stock with a $34 price target.
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Target (TGT)
Guggenheim analyst Robert Drbul reiterated a Hold rating on Target today. The company’s shares closed last Monday at $103, close to its 52-week high of $103.38.
Drbul said:
“We view this top-line result as impressive and while we are slightly lowering our 3Q comp estimate to 3.5% (from +4.0%), we believe the outlook for the company remains positive. Within core merchandise, the company drove a 5%+ comp in Apparel and Essentials & Beauty. In Apparel, the company generated one of its most successful partnerships with Vineyard Vines and more recently, TGT expanded its test with Levi’s Red Tab Denim. The expanded partnership is moving from a 20 store pilot to an additional 30 locations near college campuses and in high-traffic urban areas and will include an expanded assortment of jeans, jackets, and t-shirts for both Men’s/Women’s (with the full assortment available on target.com). Over-the-Counter were the strongest (Baby has been one of the strongest share gainers over the last year).”
According to TipRanks.com, Drbul is a 4-star analyst with an average return of 6.1% and a 60.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Target with a $96.55 average price target, a -3.3% downside from current levels. In a report issued on August 14, UBS also maintained a Hold rating on the stock with a $86 price target.
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