Crocs Perma-Bull Piper Jaffray Lowers Crocs (CROX) Price Target To $26
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Price: $122.23 +0.44%
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Crocs perma-bull Piper Jaffray lowers Crocs (Nasdaq: CROX) price target from $44 to $26, and Piper continues its Buy rating on it. The Piper analyst believes expectations are now at a reasonable level and Crocs international business looks good.
Piper has been a firm defender of Crocs on its decline from $75 to under $20. Last week, Piper lowered its price target on Crocs from $67 to $44, citing weather conditions and lower March retail sales.
On March 19th, Piper Jaffray reminded investors to focus on Crocs long-term view and to buy Crocs as it was trading down 50% YTD. Piper met with management for 2 days and Piper said that Crocs underlying strengths still remain in tact and growth assumptions were very reasonable. StreetInsider will have more to report later on Piper's lowered price target on CROX.
To see more info on the history of analyst ratings on Crocs then click here.
To track breaking news on CROX, then sign up at EasyStockAlerts.com for FREE. [JT]
Piper has been a firm defender of Crocs on its decline from $75 to under $20. Last week, Piper lowered its price target on Crocs from $67 to $44, citing weather conditions and lower March retail sales.
On March 19th, Piper Jaffray reminded investors to focus on Crocs long-term view and to buy Crocs as it was trading down 50% YTD. Piper met with management for 2 days and Piper said that Crocs underlying strengths still remain in tact and growth assumptions were very reasonable. StreetInsider will have more to report later on Piper's lowered price target on CROX.
To see more info on the history of analyst ratings on Crocs then click here.
To track breaking news on CROX, then sign up at EasyStockAlerts.com for FREE. [JT]
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