Telsey Advisory lowered the firm’s price target on Oxford Industries (OXM) to $35 from $52 and keeps a Market Perform rating on the shares. While the firm continues to see the company’s investments in stores, distribution, and its brands as healthy for long-term prospects, earnings expectations have taken a hit due to a cautious customer and production execution missteps. The firm maintains its rating on the stock due to a more challenging macro landscape.
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