Guggenheim lowered the firm’s price target on Crocs (CROX) to $150 from $155 and keeps a Buy rating on the shares. While the firm acknowledges uncertainty around the HEYDUDE turnaround, it is “optimistic” that ongoing HEYDUDE investments and the repositioning will gain traction in the second half and believes the Crocs brand remains strong, calling the stock “one of the cheapest names in our group.”
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Read More on CROX:
- Shareholders that lost money on Crocs, Inc.(CROX) should contact Levi & Korsinsky LLP about pending Class Action – CROX
- Crocs price target lowered to $120 from $150 at KeyBanc
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- Crocs downgraded to Hold at Williams Trading on weakening trends
- Crocs downgraded to Hold from Buy at Williams Trading
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