Urban Outfitters rises after Q3 sales beat
** Apparel retailer Urban Outfitters' URBN.O shares rise 13.8% to $45.68 premarket
** URBN, on Tuesday, reported Q3 net sales of $1.36 bln, up 6.3% from a year ago, beating estimates of $1.34 bln, as per data compiled by LSEG
** Co reported Q3 net income of $102.91 mln and Q3 EPS of$1.10
** At least 7 brokerages raise PT on stock
** Citigroup upgrades stock to "buy" from "neutral", raises PT to $59 from $42
** For the first time in years, UO is showing signs of a brand recovery with management guiding to 4Q sequential comparables improvement and margin recovery expected to continue into FY25 - Citigroup
** Says subsidiariesAnthropologie/Free People remain in solid positions and FP Movement/Nuuly are driving outsized growth, leaving brokerage more confident in F25 sales growth
** J.P. Morgan also raises PT to $46 from $42
** Avg rating of 13 brokerages covering stock is a "hold"; median PT is $41.5 - LSEG data
** As of last close, stock up 12.5% YTD
Reporting by Sukriti Gupta in Bengaluru
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