CROX - Crocs Shows Strong Fundamental Outlook And International Potential Says Analyst | Benzinga
BofA Securities analyst Christopher Nardone reiterated a Buy rating on the shares of Crocs Inc (NASDAQ:CROX) and raised the price target from $140 to $150.
The analyst remains encouraged by the upside potential from Crocs’ international strength, which drives better than expected results for the brand, Heydude’s recovery throughout the year, and continued balance of debt paydown and buybacks.
The analyst notes international growth outstripping domestic growth is appreciated by investors, but continued international momentum driven by Asia could drive upside to full-year results.
The analyst ...