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Fly News Breaks for January 4, 2018
OXM
Jan 4, 2018 | 06:08 EDT
DA Davidson analyst Andrew Burns upgraded Oxford Industries to Buy from Neutral and raised his price target to $91 from $71. Burns expects continued momentum for the Tommy Bahama brand, easy comparisons in the Lilly brand, and prudent store management to result in a "productive year" in 2018. The analyst also anticipates a more favorable retail backdrop and benefits from lower tax rates to boost earnings.
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