Oxford Industries price target raised to $140 from $137 at CL King

CL King analyst Steven Marotta raised the firm’s price target on Oxford Industries to $140 from $137 and keeps a Buy rating on the shares. Oxford’s Q3 sales and adjusted EPS estimates exceeded Street estimates, and Marotta tells investors in a research note that multiple positive takeaways can be garnered from both the print and the updated financial guidance, including that while apparel brands across the industry began experiencing the incremental negative impacts of inflationary pressures on the consumer in October and early November, Oxford’s stable of brands, led by Tommy Bahama and Lilly Pulitzer, have not been affected.