Stifel analyst Jim Duffy raised the firm’s price target on Crocs to $150 from $133 and keeps a Hold rating on the shares. The firm is raising estimates ahead of the Q1 report to reflect confidence in near-term trends as its checks show strong consideration for both the Crocs and HEYDUDE brands and tighter than anticipated promotion. The firm expects Q1 upside to be passed through to the FY23 guidance and views shares as "biased to the upside near-term," the analyst added.
Published first on TheFly
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