Oxford Industries price target raised to $110 from $102 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Oxford Industries to $110 from $102 and keeps a Market Perform rating on the shares. The company’s Q4 results were disappointing, with sales and gross margin expansion missing expectations, the analyst tells investors. Guidance for Q1 reflects the expectation that wholesale channel will continue to remain under pressure in the near-term, but management’s FY24 expectations implicate an improvement later in the year, the firm adds.