Standpoint Research Cuts Crocs (CROX) to Hold; Shares Fall Slightly
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Price: $121.08 +1.47%
Rating Summary:
20 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
20 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Standpoint Research downgraded shares of Crocs (NASDAQ: CROX) from Buy to Hold in a mid-day research note.
The firm cites valuation, saying the stock is up 35 percent since its recommendation on March 16. "We may be a bit early on this downgrade if the market decides to attach a higher multiple to forward earnings projections."
Crocs shares have dipped modestly following the downgrade. The stock is now up 3.9 percent to $22.40.
For more ratings news on Crocs click here and for the rating history of Crocs click here.
The firm cites valuation, saying the stock is up 35 percent since its recommendation on March 16. "We may be a bit early on this downgrade if the market decides to attach a higher multiple to forward earnings projections."
Crocs shares have dipped modestly following the downgrade. The stock is now up 3.9 percent to $22.40.
For more ratings news on Crocs click here and for the rating history of Crocs click here.
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