UPDATE: Canaccord Genuity Upgrades Urban Outfitters on Undervalued Growth Prospects

In a report published Friday, Canaccord Genuity analyst Laura Champine upgraded the rating on Urban Outfitters (NASDAQ: URBN ) from Hold to Buy, and reiterated the $48.00 price target. In the report, Canaccord Genuity noted, “We believe the market has overreacted since URBN filed its 10-Q on September 9, indicating