UPDATE: Brean Murray Carret Maintains Buy, Raises PT to $55 on Oxford Industries

Loading...
Loading...
Brean Murray Carret reiterates its Buy rating on Oxford Industries
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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: ReiterationIntraday UpdateMarketsAnalyst RatingsBrean Murray Carret
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...