Raymond James Downgrades Crocs to Outperform, Maintains Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel has downgraded Crocs (NASDAQ:CROX) from Strong Buy to Outperform, while maintaining the price target at $164.
August 02, 2024 | 3:57 pm
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Raymond James analyst Rick Patel downgraded Crocs from Strong Buy to Outperform, maintaining the price target at $164. This downgrade may indicate a less bullish outlook on the stock's short-term performance.
The downgrade from Strong Buy to Outperform suggests that while the analyst still sees potential in Crocs, the enthusiasm has tempered. Maintaining the price target at $164 indicates that the analyst does not foresee significant short-term downside but is also not expecting substantial upside.
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