Crocs price target raised to $135 from $120 at Williams Trading

Williams Trading raised the firm’s price target on Crocs to $135 from $120 and keeps a Buy rating on the shares after the company’s Q4 results and FY24 EPS outlook were better than expected. The firm, which is raising its FY24 and FY25 revenue and EPS estimates, says it is “confident that transition of Anne Mehlman from CFO to President of the Crocs brand will prove to be successful” and thinks fiscal year guidance will “prove conservative.”