Oxford Industries price target lowered to $32 from $38 at Truist

Truist lowered the firm’s price target on Oxford Industries (OXM) to $32 from $38 and keeps a Hold rating on the shares. The company reported Q4 results slightly ahead of Street’s previously lowered forecasts and provided a mixed FY26 outlook, though the management expects sequential improvement to gross margins through the year as its 4%-8% price increases flow through, the analyst tells investors in a research note. Truist remains at neutral pending more visibility into durable topline improvements in this uncertain macro however, the firm adds.