Janney increases its price target on Buy-rated Urban Outfitters (URBN +1.1%) to $36 from $31,...

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

Janney increases its price target on Buy-rated Urban Outfitters (URBN +1.1%) to $36 from $31, following a meeting with management that it says increases its confidence in the retailer’s product cycle. The firm sees URBN as a "back half 2012 story," and its checks suggest product will benefit from the early spring and color and print trends.