UPDATE: Morgan Stanley Reiterates on Urban Outfitters Following Soft 4Q Sales

In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating on Urban Outfitters (NASDAQ: URBN ), but lowered the price target from $49.00 to $46.00. In the report, Morgan Stanley noted, “URBN reported below consensus 4Q sales, indicative of the tough January across Softlines. We