Telsey Advisory analyst Dana Telsey lowered the firm's price target on Oxford Industries to $44 from $51 and keeps a Market Perform rating on the shares. The company delivered a "nice beat" in Q1 due to improved momentum at Tommy Bahama and stronger gross margin, the analyst tells investors. The firm notes, however, that Johnny Was remains an "overall drag to topline," the slowdown at Lilly Pulitzer is a "concern," and uncertainty in the operating environment clouds visibility.
