Truist lowered the firm’s price target on Oxford Industries (OXM) to $35 from $50 and keeps a Hold rating on the shares. The company posted an in-line Q3 but materially reduced its FY25 outlook as demand trends for all 3 major brands are being pressured by tariff-driven gaps in the assortments, the analyst tells investors in a research note. The wholesale channel also remains challenged as retailers are more hesitant on orderbooks for less-proven sellers, the firm added.
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