Needham analyst Tom Nikic lowered the firm’s price target on Crocs (CROX) to $118 from $129 but keeps a Buy rating on the shares ahead of its Q1 results net week. The firm is adjusting its model for tariffs, but also believes that at only 8-timtes its new earnings estimates, the stock is too cheap and could have favorable risk/reward through year-end, the analyst tells investors in a research note.
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