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Benzinga

Business

Priya Nigam

Crocs To Sacrifice Sales To Protect Margins, Analyst Cuts Price Target

Crocs Bank of America Securities CROX Christopher Nardone United States

Crocs in shoe store

Crocs Inc's (NASDAQ:CROX) management is likely focusing on keeping inventory clean against a softer wholesale backdrop, rather than trying to meet sales targets, in order to help protect margins, according to Bank of America Securities.

The Crocs Analyst: Analyst Christopher Nardone maintained a Buy rating, while reducing the price target from $140 to $135.

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