Jefferies is reiterating an Underperform on Urban Outfitters (URBN -0.3%) going into today's FQ3...

|About: Urban Outfitters, Inc. (URBN)|By:, SA News Editor

Jefferies is reiterating an Underperform on Urban Outfitters (URBN -0.3%) going into today's FQ3 report, believing markdowns caused by "slow moving product" will result in weak margins and EPS. However, Deutsche is more bullish, noting weak sales data is already baked into shares, and claiming the potential for "2012 product improvement and [management] stability" will drive upside.