UPDATE: Stifel Nicolaus Lowers PT on Crocs Following 2Q Revenue Report
July 25, 2013 at 11:53 AM EDT
In a report published Thursday, Stifel Nicolaus analyst Jim Duffy reiterated a Buy rating on Crocs (NASDAQ: CROX ), but lowered the price target from $18.00 to $17.00. In the report, Stifel Nicolaus noted, “Reported 2Q revenue of $364mn was slightly below our estimate of $366mn (consensus $366mn, guide $360-$370mn)
