Crocs price target raised to $153 from $144 at BofA

BofA raised the firm’s price target on Crocs (CROX) to $153 from $144 and keeps a Buy rating on the shares. The firm, which is “encouraged” by management’s commitment to operating the company at a 24%-plus operating margin on an annual basis and the mid-single digit revenue growth outlook for the Crocs brand in 2025, thinks that management’s actions to further clean up the wholesale channel is the right move for the long-term health of the HeyDude brand, the analyst tells investors in a post-earnings note.