Piper Jaffray Reiterates Overweight on Crocs

Piper Jaffray is out with its report today on Crocs (NASDAQ: CROX), reiterating Overweight.

In its report, Piper Jaffray writes, "We are raising our Q4 EPS slightly and maintaining our Street-high $1.52 FY12 estimate as we believe CROX continues to evolve into a diversified, global footwear brand. Reiterate Overweight rating and $30 price target."

At the time of posting, shares of CROX were trading pre-market at $16.86, down 0.82% from Thursday's close.