Raymond James upgraded Crocs to Strong Buy from Outperform with a price target of $115, up from $98. Raymond James also added Crocs to the firm’s Analyst Current Favorites List, citing increasing confidence in the setup for 2024. The firm sees further upside ahead after Crocs reported Q3 results, including a sizable guide down of HEYDUDE, a major de-risking event, the analyst tells investors in a research note.
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