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Fly News Breaks for May 10, 2016
CROX
May 10, 2016 | 13:16 EDT
As previously reported, Sterne Agee CRT upgraded Crocs to Buy from Neutral. Analysts led by Sam Poser believes the turnaround at Crocs is under way as execution has improved as demonstrated by the complete and on-time deliveries for spring product. The analyst said inventory management has improved, total global sales have increased, and finally, a management team is in place with years of footwear experience. Poser established a $12.50 price target on shares.
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