Piper Sandler Raises Crocs to Overweight, Cites North America DTC Rebound and Heydude Recovery
Piper Sandler upgraded Crocs to Overweight from Neutral and raised its price target to $150 from $95, pointing to improving North America direct-to-consumer trends, signs of wholesale stabilization, product innovation and Heydude brand recovery. The firm projects stronger sales contributions from TikTok, anticipates cost savings and buybacks to bol…