Why Urban Outfitters Inc. Stock Popped Today

Shares of Urban Outfitters Inc. (NASDAQ: URBN) climbed 5.3% on Monday after a notable analyst upgrade.

More specifically, Jefferies analyst Randal Konik maintained his "buy" rating on the lifestyle retail chain but also increased his per-share price target from $34 to $40. Urban Outfitters stock closed today at $34.50 per share.

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Source: Fool.com