2020-06-08 08:38:40 OXM Oxford Industries
06/08/20 06/0808:38 06/08/2008:38 | Oxford Industries price target raised to $62 from $50 at NeedhamNeedham analyst Rick Patel raised the firm's price target on Oxford Industries to $62 from $50 and keeps a Buy rating on the shares ahead of its Q2 results this week. The analyst anticipates the quarter to reflect the weakness related to closed stores and restaurants, the "virtual standstill" of the resort season, and the weak demand from department stores. The silver lining, however, is Oxford's balance sheet strength that can weather near-term headwinds and the company's long-term growth opportunities, Patel tells investors in a research note. |
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