As previously reported, Williams Trading downgraded Crocs (CROX) to Hold from Buy with a price target of $112, down from $127. Crocs trends are weakening and HEYDUDE trends remain weak and show “no signs of improving,” the analyst tells investors. Based on proprietary checks, retailers in the U.S are, likely at best, planning the Crocs 2025 business flat and are planning the 2025 HEYDUDE business down, says the firm, which lowered its Q4, FY24, FY25, and FY26 revenue and EPS estimates.
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