Standpoint Research Upgrades Crocs (CROX) to Buy
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Price: $86.00 +3.25%
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Standpoint Research upgraded Crocs (NASDAQ: CROX) from Hold to Buy with a price target of $28.00.
The firm comments, "CROX shares have dropped 25% and under-performed the S&P-500 by more than 1500 bps since our September 27 downgrade. I think this is the first time we have reinstated a name three times since beginning operations in 2003 … there is always a first time. CROX has been good for us and we will try and take this name for another ride."
For more ratings news on Crocs click here and for the rating history of Crocs click here.
Shares of Crocs closed at $22.00 yesterday.
The firm comments, "CROX shares have dropped 25% and under-performed the S&P-500 by more than 1500 bps since our September 27 downgrade. I think this is the first time we have reinstated a name three times since beginning operations in 2003 … there is always a first time. CROX has been good for us and we will try and take this name for another ride."
For more ratings news on Crocs click here and for the rating history of Crocs click here.
Shares of Crocs closed at $22.00 yesterday.
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