Oxford Industries (OXM) PT Raised to $50 at Truist Securities

Truist Securities analyst Joseph Civello raised the price target on Oxford Industries (NYSE: OXM) to $50.00 (from $47.00) while maintaining a Hold rating.

The analyst commented: "Reiterated FY outlook despite higher tariffs; remain Hold as we await more signs of durable momentum; OXM shares were up ~17% AMC as the company maintained the FY outlook despite the inclusion of higher tariffs, which exceeded low investor expectations (shares were down 49% YTD vs S&P 500’s 11% gain). We are encouraged by +LSD% comps QTD (which they expect to persist through 4Q) & solid tariff mitigation efforts. That said, wholesale weakness is largely offsetting gains in their own retail channel and overall, we are cautious about elevated promotional intensity in an uncertain 2H macro environment. We continue to view the risk/reward as balanced at current levels. PT to $50 from $47."

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