Wedbush upgrades Urban Outfitters (URBN +2.7%), countering Citi's negative view after...

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

Wedbush upgrades Urban Outfitters (URBN +2.7%), countering Citi's negative view after yesterday's selloff prompted by the departure of its CEO. The return of the co-founder as CEO "may provide a positive catalyst" that will "accelerate the much anticipated turnaround," where Wedbush sees signs of improvement after URBN's struggles with fashion mishaps and high inventory. (earlier)