BUZZ-Oxford Industries rises after Citi upgrades to 'neutral' rating
Reuters
Nov 26
BUZZ-Oxford Industries rises after Citi upgrades to 'neutral' rating
** Shares of clothing company Oxford Industries OXM.N rise ~6.8% to $36.12
** Citi upgrades to "neutral" from "sell" rating, saying weak results are now largely priced in; cuts PT to $35
** Brokerage expects Q3 EPS in line with forecast and slightly above consensus
** "OXM has faced significant tariff pressures this year as they had high exposure to China, although the company is bringing this level down," says Citi
** Including session's moves, stock down ~54% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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