Wedbush raised the firm’s price target on Crocs to $120 from $96 and keeps an Outperform rating on the shares. Wedbush remains bullish on Crocs shares following a meeting at their NYC showroom with members of management, and says there is a compelling assortment of product innovation in the pipeline for both brands, which should keep momentum going at the core Crocs brand and help the turnaround at HeyDude.
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