Brean Murray Carret & Co. Starts Oxford Industries (OXM) at Buy; Moving to the Hybrid Model

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.

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