Oxford Industries price target raised to $110 from $105 at Citi

Citi analyst Paul Lejuez raised the firm’s price target on Oxford Industries to $110 from $105 and keeps a Neutral rating on the shares. Despite the choppy environment generally in apparel, Oxford continues to post "very strong results," Lejuez tells investors in a research note. He says the company’s sales and margins were both above expectations in Q3 while Q4 is off to a strong start. However, the analyst believes Oxford will have a difficult time maintaining its relatively low promotional stance as consumer weakness broadens to higher income demographics.