Oxford Industries price target lowered to $68 from $86 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Oxford Industries (OXM) to $68 from $86 and keeps a Market Perform rating on the shares. The firm is pleased with the company’s recent sales trends, which were in line with its prior outlook, the analyst tells investors. Visibility to nearer-term profitability, however, remains challenging in an uncertain topline environment, the firm adds.