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

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.