Piper Jaffray Upgrades Crocs To Outperform

Piper Jaffray upgraded Crocs, Inc. CROX from Market Perform to Outperform. The price target for Crocs has been raised from $13.00 to $17.00. Crocs shares have dropped 3.52 percent over the past 52 weeks, while the S&P 500 index has surged 11.12 percent in the same period. Crocs' shares rose 1.39 percent to close at $14.54 yesterday.