Wells Fargo lowered the firm's price target on Urban Outfitters to $75 from $80 and keeps an Equal Weight rating on the shares. The firm says the company's post-holiday recovery is notable, management's tone on the entire portfolio is quite upbeat and tariff upside exists in the model. Net, there's more good than bad in the story, Wells argues. That said, the firm would be patient, as "riskier" ideas remain tough today.
