Stifel Reiterates on Crocs After Blackstone Investment Announcement

In a report published Monday, Stifel analyst Jim Duffy reiterated a Buy rating on Crocs, Inc. (NASDAQ: CROX ) and $17.00 price target following a $200M investment from Blackstone and CEO and President John McCarvel's retirement. According to the report, the partnership included Blackstone's investment in $200mn convertible preferred