Truist raised the firm’s price target on Oxford Industries (OXM) to $50 from $47 and keeps a Hold rating on the shares. The stock rose after a Q2 earnings beat as the company maintained its FY25 outlook despite the inclusion of higher tariffs, which exceeded low investor expectations, the analyst tells investors in a research note. Truist adds that it is encouraged by Oxford’s low-single-digit comps quarter-to-date and its “solid” tariff mitigation efforts.
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Read More on OXM:
- Oxford Industries Faces Financial Pressures Amid Inventory Concerns and Brand Performance Challenges
- Oxford Industries Reports Decline in Q2 Sales
- Closing Bell Movers: Opendoor up 36% after management reshuffle
- Oxford Industries reports Q2 adjusted EPS $1.26, consensus $1.18
- Oxford Industries sees Q3 adjusted EPS ($1.05)-(85c), consensus (69c)