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Fly News Breaks for April 2, 2018
OXM
Apr 2, 2018 | 07:06 EDT
SunTrust analyst Pamela Quintiliano lowered her price target on Oxford Industries to $90 from $92 following the company's Q4 earnings and below-consensus outlook for Q1. Quintiliano says that the company's reduced dependence on wholesale channels and higher marketing costs are having a "disproportionate" early 2018 impact, but adds that she remains impressed with its "unique positioning, focus on brand preservation and future growth prospects with existing brands". The analyst keeps her Buy rating on Oxford Industries.
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