DA Davidson analyst Michael Kawamoto downgraded Oxford Industries to Neutral from Buy and lowered his price target to $71 from $107 after its "mixed" Q3 results and tougher than expected near term outlook. The analyst notes that while the company's Tommy and Lilly brands posted strong Q3 comps, the company missed on revenue and earnings relative to consensus expectations and two of its brands reduced their outlook "due to a number of issues". Kawamoto states that he remains positive on Oxford Industries' "unique portfolio", but prefers to see better visibility and moderating headwinds before returning to a more positive stance.