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Street expectations are too high for Urban Outfitters (URBN -1%), Fossil (FOSL -0.1%) and...

Street expectations are too high for Urban Outfitters (URBN -1%), Fossil (FOSL -0.1%) and Warnaco (WRC -1.1%), Brean Murray says in cutting its outlook on the three retailers. At URBN, the departure of CEO Glen Senk "almost ordain(s) that there will be no material turn until Holiday 2012, at the latest," while FOSL and WRC have overheated expectations despite strong market positions.
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