Imperial Capital Starts Crocs (CROX) at Outperform

December 5, 2012 4:24 PM EST Send to a Friend
Get Alerts CROX Hot Sheet
Price: $11.68 +2.28%

Rating Summary:
    9 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
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Imperial Capital initiates coverage on Crocs (NASDAQ: CROX) with a Outperform. PT $16.00.

The firm comments, "We believe Crocs is well positioned to generate sales and EBITDA growth in the 15%+ range over the coming years given continued efforts to broaden its product assortment, aggressively grow its specialty retail store footprint, further develop its internet business, and move into new geographies globally. In our view, valuation looks attractive with the stock trading at a significant discount to its peers and its historical average. Near-term risks include the difficult external environment in Japan and Europe which could limit upside to earnings in 2013."

For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.

Shares of Crocs closed at $13.28 yesterday.


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