Reported 8 months ago
The analyst revised the stock price target of Crocs based on its strong overseas results. Crocs gained attention not for Brooke Shields' appearance at the Tony Awards, but for her choice of wearing a bright pair of Crocs. The company reported better-than-expected earnings and revenue, with significant growth in international markets, particularly in China and Australia. Bank of America Securities raised Crocs' price target to $187 and maintained a buy rating, anticipating strong international sales growth and consistent mid-single-digit sales growth with 25%+ operating margins.
Source: YAHOO