Crocs falls after downgrade
NIWOT — Crocs (Nasdaq: CROX) shares slumped in early trading after being downgraded by an analyst firm.
CL King & Associates downgraded the retailer from a Buy to a Neutral after shares hit a year-long high at $10.86.
The firm said its current valuation on Crocs reflects its growth prospects over the next six to 12 months.
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Crocs shares were down 2.43 percent premarket to $10.45.
NIWOT — Crocs (Nasdaq: CROX) shares slumped in early trading after being downgraded by an analyst firm.
CL King & Associates downgraded the retailer from a Buy to a Neutral after shares hit a year-long high at $10.86.
The firm said its current valuation on Crocs reflects its growth prospects over the next six to 12 months.
Crocs shares were down 2.43 percent premarket to $10.45.
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