Crocs, Inc. (Nasdaq: CROX) +$3.06; Piper Jaffray comments on Crocs, saying early checks suggest Brazil is exceeding initial sales forecasts. Analyst Jeffrey P. Klinefelter, said, "Based on population profiling, brand positioning, and initial response to Crocs' classic styles, we think Brazil could quickly become one of the company's top 10 global markets." The firm maintains their Outperform rating and $66 price target.Sounds sensible enough to me.
No comments:
Post a Comment