Oxford Industries price target lowered to $52 from $64 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Oxford Industries (OXM) to $52 from $64 and keeps a Market Perform rating on the shares. The firm recently hosted investor meetings with management of Oxford Industries, the analyst tells investors. Based on these discussions, the company’s strategy is focused to mitigate the impact of tariffs by reducing reliance on China, with the goal to decrease sourcing exposure from 40% in FY24 to less than 10% by FY26, the firm adds.