• Crocs shares rally on Loop Capital upgrade

    1 month ago - By Fashion United

    Image: Crocs, Inc.
    After Loop Capital analyst Laura Champine upgraded Crocs' stock from a hold rating to buy on July 6, shares of the casual footwear company rose 5.3 percent as of 10:30 a.m. ET.
    With the upgraded rating, Champine put a price target on the stock of 75 dollars.
    Champine said in an investor note: “We are willing to step in despite the dodgy macro environment. Our checks point to healthy sell-through and normal discounting at the end of the quarter. We think the Hey Dude acquisition may accelerate the overall long-term growth rate given CROX's ability to sell the brand into...
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