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Fly News Breaks for December 6, 2017
OXM
Dec 6, 2017 | 06:17 EDT
DA Davidson analyst Andrew Burns raised his price target on Oxford Industries to $71 after Q3 earnings beat, noting improvement in gross margins and operating margins as well as a 6.7% decline in inventories. Burns says the Tommy Bahama comps were also encouraging, positioning the turnaround in that segment for continued improvement in Q4. The analyst keeps his Neutral rating, calling for greater potential for upward earnings revisions before turning more positive on the stock.
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