Fly News Breaks for May 14, 2015
CROX
May 14, 2015 | 06:40 EDT
Piper Jaffray analyst Erinn Murphy upgraded Crocs to Overweight on expectations the shoemaker's margins will improve and sales will trend into positive territory in the second half of 2015. Murphy believes shares can trade higher despite the 16.4% year-to-date rise and upped her price target for the stock to $17 from $13.
News For CROX From the Last 2 Days
CROX
Apr 16, 2024 | 10:09 EDT
Williams Trading analyst Sam Poser downgraded Crocs to Hold from Buy with a price target of $125, down from $135. The firm's recent checks lead the firm to conclude that the Crocs business is "generally operating on, or slightly better than plan," but the checks also indicate that HEYDUDE sales, while improving, are not strong enough to result in a year-over-year increase in 2024, the analyst tells investors.