Oxford Industries (OXM) PT Lowered to $80 at KeyBanc

KeyBanc analyst Ashley Owens lowered the price target on Oxford Industries (NYSE: OXM) to $80.00 (from $95.00) while maintaining an Overweight rating.

The analyst commented: "The stock has come in quite a bit over the past month (~16% vs. SPX -7.4%) on fear of a more cautious guide and a softer retail environment YTD, similar to other retailers in the space. While we believe that 4Q results will fall largely in line, we believe that OXM will take a more conservative approach to guidance than we initially anticipated due to a slower start in February and softer search trends with the focus of driving operating leverage; due to these reasons, we are lowering our estimates for FY25 as well as our price target ($80, previously $95)."

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