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Benzinga

Business

Shivani Kumaresan

Read Why Citi Remains Bearish On Oxford Industries

Citi analyst Paul Lejuez raised the price target on Oxford Industries Inc (NYSE:OXM) to $92 (6% downside) from $86. Meanwhile, the analyst kept the Sell rating on the shares.
Related: Tommy Bahama & Lilly Pulitzer Owner Posts Solid Q1 Earnings; Lifts FY22 Outlook
The analyst is cautious about 2H22 and beyond, citing higher retail promotions.
Price Action: OXM shares are trading higher by 6.32% at $97.69 on the last check Thursday.

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