Oxford Industries price target raised to $51 from $36 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Oxford Industries (OXM) to $51 from $36 and keeps a Market Perform rating on the shares. Management acknowledge the Johnny Was brand has been challenged since its acquisition, but notes the team is “pleased” with the initial turnaround, the analyst tells investors. Additionally, while tariffs are expected to remain a headwind, Oxford believes it can offset the pressure and expand gross margin, the firm adds.