Analyst: Sydney Sweeney Signing Could Help Crocs Stock

Crocs, Inc. (NASDAQ:CROX) is up 2.2% to trade at $143.72 at last check, after Williams Trading upgraded the equity to "buy" from "hold" and hiked its price target from $135 to $163. In its bull note, the analyst praised Crocs' signing of actress Sydney Sweeney as a spokesperson for its Heydude brand, which could help reverse negative sales trends. Typically quiet in terms of options volume, CROX is seeing an uptick in bullish bets following the commentary. So far, 965 calls have crossed the tape, which is d ...