Why Crocs Stock Jumped 15.7% in July

Shares of Crocs (NASDAQ: CROX) gained 15.7% in July, according to data from S&P Global Market Intelligence, as a noted analyst offered encouraging words for the casual footwear company ahead of its second-quarter 2019 report.

To be sure, we don't normally pay close attention to Wall Street's models. But we couldn't help but notice when Crocs popped 7% on July 15, 2019, alone -- then drifted higher for the rest of the month -- after Piper Jaffray's Erinn Murphy upgraded the stock from neutral to overweight, raising her per-share price target by $5 to $27.

IMAGE SOURCE: CROCS.

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