Wunderlich Securities Sees Path to Growth Story Reignited for Oxford Industries, Inc.

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In a report published Monday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $72.00 price target on
Oxford Industries, Inc.OXM
. In the report, Wunderlich Securities noted, "We are reiterating our Buy rating and $72 price target on Oxford Industries (OXM), and rolling out slightly back-end weighted quarterly projections for FY16 (our $3.35 annual estimate is unchanged) and initiating a FY17 EPS projection of $3.75, up 12% YoY. We view 4Q, and more importantly initial FY16 guidance, as setting the stage for Oxford to begin to quiet the skeptics and return to registering impressive bottom-line growth, driven by Tommy Bahama and Lilly Pulitzer. Further, with Ben Sherman cutting its losses and, potentially, being divested in FY16, the company is on the cusp of reigniting growth and leveraging its two higher-end, high-return brands, which we believe should more than justify a premium valuation. We reiterate our Buy rating on OXM ahead of earnings." Oxford Industries, Inc. closed on Friday at $58.38.
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Posted In: Analyst ColorReiterationAnalyst RatingsEric BederWunderlich Securities
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