Crocs To Gain From Double-Digit Growth Internationally Despite China Slowdown: Analyst Explains Why

BofA Securities analyst Christopher Nardone reiterated the Buy rating on Crocs, Inc. CROX, with a price forecast of $179. According to Nardone, Crocs' China business remains relatively small, allowing the company to achieve strong growth despite a tough macroeconomic environment. A modest slowdown in China is unlikely to significantly impact the analyst's forecast for sustained double-digit growth internationally. The key issue is whether Crocs' core business in North America will keep slowing down. Last qu ...