Brean Murray Carret & Co. Starts Oxford Industries (OXM) at Buy; Moving to the Hybrid Model
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Price: $64.90 +0.15%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade OXM Now!
Brean Murray Carret & Co. initiates coverage on Oxford Industries (NYSE: OXM) with a Buy. PT $44.
Brean analyst says, "While the stock has had a strong run lately, we believe investors still view Oxford in the prism of an apparel manufacturer. As it becomes increasingly more evident in FY12 and beyond that the company has made the jump to hybrid status, we believe investors will ratchet up valuation standards accordingly."
For more ratings news on Oxford Industries click here and for the rating history of Oxford Industries click here.
Shares of Oxford Industries closed at $37.97 yesterday, with a 52 week range of $17.05-$38.10.
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Brean analyst says, "While the stock has had a strong run lately, we believe investors still view Oxford in the prism of an apparel manufacturer. As it becomes increasingly more evident in FY12 and beyond that the company has made the jump to hybrid status, we believe investors will ratchet up valuation standards accordingly."
For more ratings news on Oxford Industries click here and for the rating history of Oxford Industries click here.
Shares of Oxford Industries closed at $37.97 yesterday, with a 52 week range of $17.05-$38.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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