B. Riley lowered the firm’s price target on Crocs to $125 from $159 and keeps a Buy rating on the shares post the Q2 results. The analyst says that while the Crocs brand shined, HeyDude is being impacted by both external and internal factors. The firm recommend sinvestors consider observing the “three-day rule,” with today being day two, when navigating the Crocs situation in the short term.
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