UPDATE: Ascendiant Raises PT on Urban Outfitters on Q1 Results

In a report published on Tuesday, Ascendiant analyst Elizabeth Pierce raised the price target on Urban Outfitters (NASDAQ: URBN ) from $47.00 to $50.00 and maintained a Buy rating. In the report, Ascendiant noted, "Total sales increased 14% to $648 million while total comparable retail segment (includes direct) sales were