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Crocs’ stock runs up toward a 3 1/2-month high after Raymond James recommends going all in

Clyde Edgerton by Clyde Edgerton
November 28, 2023
in Markets
Crocs’ stock runs up toward a 3 1/2-month high after Raymond James recommends going all in
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Shares of Crocs Inc. CROX jumped 4.5% toward a 3 1/2-month high in morning trading Tuesday, after Raymond James’ Rick Patel said he was even more bullish on the footwear maker, citing valuation and “increasing confidence” that results will keep improving next year. The stock has climbed 8.6% amid a four-day win streak, which would be the longest such streak since the four-day stretch that ended Aug. 23, and has soared 30% since it closed at a one-year low of $77.27 on Nov. 13. Patel raised his rating on the stock to strong buy from outperform, boosted his price target to $115 from $98 and added it to the “Analyst Current…

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