UPDATE: Imperial Capital Raises PT on Crocs After Blackstone Investment

In a report published Tuesday, Imperial Capital analyst Lee Giordano maintained an In-Line rating on Crocs, Inc. (NASDAQ: CROX ), raising the target price from $14.00 to $16.00. According to the report, following the recent partnership between CROX and Blackstone, Blackstone will be issuing $200M convertible preferred earmarked for