Piper Jaffray Stepping To The Sidelines After Crocs Analyst Day
October 01, 2015 at 14:00 PM EDT
Crocs (CROX) is tumbling Thursday, a day after its corporate analyst meeting, hurt in part by a downgrade at Piper Jaffray. Analysts Erinn Murphy and Christof Fischer cut their rating on the stock from Overweight to Neutral and shaved $5 off their target price, to $12, writing that they were discouraged to see long-term guidance […]
