Oxford Industries shares are trading lower after the company reported Q1 financial results and issued Q2 and FY24 guidance below estimates. Also, Citigroup maintained a Neutral rating on the stock and lowered its price target from $110 to $101.
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries reported Q1 financial results and issued Q2 and FY24 guidance below estimates, causing shares to trade lower. Citigroup maintained a Neutral rating on the stock and lowered its price target from $110 to $101.
June 08, 2023 | 4:07 pm
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Oxford Industries shares are trading lower due to disappointing Q1 financial results and weak Q2 and FY24 guidance. Citigroup lowered its price target from $110 to $101.
Oxford Industries' weak Q1 financial results and lower-than-expected Q2 and FY24 guidance have led to a decline in share prices. Additionally, Citigroup's lowered price target from $110 to $101 further contributes to the negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100