Citi analyst Paul Lejuez lowered the firm’s price target on Oxford Industries to $65 from $92 and keeps a Sell rating on the shares. The company’s sales and gross margin significantly missed consensus estimates, leading to an earnings miss, the analyst tells investors in a research note. The firm says trends softened each month of the quarter and quarter-to-date trends remain weak. It sees limited visibility into when Oxford’s sales results will improve.
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