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Posted by
Two Blokes Jul 26 -
Filed in
Stock
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3 views
I reiterate my 'buy' rating on Crocs, with a price target of $139 per share, as recent trade deals with Vietnam and Indonesia should reduce tariff headwinds and improve cost visibility. In the previous quarter, management had withdrawn full-year guidance due to tariff uncertainty and projecting $130M in cost impact, dampening investor sentiment. With trade deals struck with Vietnam and Indonesia, along with the potential extension of a 90-day tariff pause with China, I expect management to lower its cost impact in Q2 earnings.
