Loop Capital lowered the firm’s price target on Crocs (CROX) to $150 from $155 and keeps a Buy rating on the shares. The stock has pulled back after the company’s Q3 results and guidance and its valuation looks attractive, though the firm is “not thrilled” with the Q4 outlook for sales in either segment, the analyst tells investors in a research note. Loop’s concerns are magnified by the problems that the Hey Dude segment is facing as it laps easy comparisons, the firm added.
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Read More on CROX:
- Crocs price target lowered to $180 from $190 at Baird
- Crocs downgraded to Market Perform from Outperform at Raymond James
- Crocs, Inc. Reports Strong Q3 2024 Results
- BofA Slashes Crocs’ (NASDAQ:CROX) Price Target despite Earnings Beat
- Crocs price target lowered to $125 from $164 at Barclays
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