Stocks to Watch: Urban Outfitters, Amazon.com and More ...
Stocks rose as a series of strong earnings reports, coupled with M&A activity, gave a lift to market sentiment.
The Dow Jones Industrial Average rose more than 45 points after closing slightly loweron Monday.
With the holidays fast approaching, though, the focus is on retail. With three days left to shop, and the major chains are aggressively going after consumer dollars.
So which retail stocks are on the move today? Here are some to watch:
Urban Outfitters Inc
The clothing retailer was downgraded to hold from buy at both Wall Street Strategies and Brean Murray Carret.
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Pacific Sunwear of California
This California inspired retail clothing chain was also getting a downgrade from Wall Street Strategies. The company's rating was lowered to sell from hold.
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Abercrombie & Fitch Co
The casual sportswear retailer was price target increased to $85 from $75 at Jefferies.
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American Eagle Outfitters Incorporated
The trendy clothing retailer announced plans to open stores in Japan. The first store will open in the first half of 2012.
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Amazon.com
Caris & Company boosted the online retailer's price target on the stock to $210 from $190.
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COSTCO Wholesale Corp
The wholesale retailer was trading at levels not seen since July 2008.
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