B. Riley Securities Downgrades Crocs to Neutral, Lowers Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Crocs (NASDAQ:CROX) from Buy to Neutral and lowered the price target from $125 to $101.
September 07, 2023 | 9:42 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Crocs has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target of $101.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for Crocs. The lowering of the price target from $125 to $101 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100