KeyBanc lowered the firm’s price target on Crocs (CROX) to $95 from $120 and keeps an Overweight rating on the shares. The firm notes the company reported a decent quarter, but shares fell -29% due to a weaker than expected outlook, reflecting anticipated second half of the year headwinds from reduced inventory receipts, further resets in HEYDUDE, tariff-related pressure, and reduced Crocs discounting amid softening sentiment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CROX: