Crocs price target lowered to $98 from $102 at UBS

UBS lowered the firm’s price target on Crocs to $98 from $102 and keeps a Neutral rating on the shares. Crocs’ earnings report caused a 5% drop in the stock, and the firm believes the pullback does not represent a good buying opportunity, the analyst tells investors in a research note. UBS sees the stock as range-bound.