UBS analyst Mauricio Serna initiated coverage of Oxford Industries with a Neutral rating and $110 price target. The analyst believes macro headwinds will continue pressuring U.S. consumer discretionary spending. The recent slowdown in softline industry trends “is just one step of a multistep process, which will play out over the next 6-12 months,” the analyst tells investors in a research note. The firm says Oxford’s “steady growth” seems priced into the shares.
Published first on TheFly
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