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Fly News Breaks for December 27, 2019
CROX
Dec 27, 2019 | 07:15 EDT
CL King analyst Steven Marotta said Crocs reached a "massive infection point" in sales and earnings in 2019 and he believes the company is set up for "an even better 2020." The analyst, whose checks support a strong order book in the wholesale channel for Spring/Summer season, reiterated his Buy rating and $43 price target on Crocs shares.
News For CROX From the Last 2 Days
CROX
Apr 16, 2024 | 12:23 EDT
CROX
Apr 16, 2024 | 12:20 EDT
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.
