Crocs downgraded to Hold from Buy at Williams Trading

Williams Trading analyst Sam Poser downgraded Crocs to Hold from Buy with a price target of $125, down from $135. The firm’s recent checks lead the firm to conclude that the Crocs business is “generally operating on, or slightly better than plan,” but the checks also indicate that HEYDUDE sales, while improving, are not strong enough to result in a year-over-year increase in 2024, the analyst tells investors.