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Fly News Breaks for September 13, 2018
OXM
Sep 13, 2018 | 08:31 EDT
SunTrust analyst Pamela Quintiliano raised her price target on Oxford Industries to $97 and kept her Buy rating, saying the company's financial estimates should be "biased higher over the near to medium term". The analyst cites a "number of growth levers", including the West Coast expansion for the company's Lilly brand, a "more aggressive rollout" of Marlin Bar, and ongoing growth of the Tommy women's business. Quintiliano also cautions that despite those growth drivers, near term upside in the stock price may also be limited by "challenging" traffic trends with a view of flat margins for Q3.
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