Seaport Research upgraded Crocs (CROX) to Buy from Neutral with a $135 price target The company’s demand has picked up this spring, partly due to strong sandal demand, the analyst tells investors in a research note. Seaport also believes “weak Heydude demand may be bottoming.” Crocs shares are “cheap,” and when combined with its improving demand trends, the setup becomes “more compelling,” contends the firm.
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