UPDATE: Brean Murray Carret Maintains Buy, Raises PT to $55 on Oxford Industries - Oxford Industries (NYSE:OXM)

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Brean Murray Carret reiterates its Buy rating on Oxford Industries (NYSE: OXM) and raises its price target to $55 from $46 as it raises estimates on upbeat presentation from the company.Brean Murray Carret says, "We are increasing our FY12 EPS to $2.40 (from $2.36) and FY13 EPS to $2.85 (from $2.80_ after Oxford Industries management provided one of the few upbeat presentations at the ICR XChange conference, as the company's stable of luxury lifestyle brands and a deeper focus on own store expansion, coupled with impressive inventory discipline, has allowed the key Tommy Bahama and Lilly Pulitzer brands to drive strong results and impressive margins."OXM closed at $46.27 per share on Thursday.

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