UBS analyst Jay Sole raised the firm’s price target on Crocs to $100 from $98 and keeps a Neutral rating on the shares. The firm sees a balanced upside/downside skew and a narrow range of outcomes ahead of the Q1 earnings report, the analyst tells investors in a research note. The firm’s data shows Crocs’ crowding score has fallen sharply since its pre-announcement on January 8 and is now slightly below the Softlines group average.
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