Crocs price target raised to $132 from $122 at UBS

UBS analyst Jay Sole raised the firm’s price target on Crocs (CROX) to $132 from $122 and keeps a Neutral rating on the shares. The Q4 earnings report was moderately better than expected, but UBS still views Crocs as a low growth stock with just a 1% five-year EPS compound annual growth rate, the analyst tells investors in a research note. The firm doesn’t see a catalyst to drive the stock’s multiple higher.