Crocs’s Target Lowered to $22 and 2 Stock Analyses to Eye
Capital Senior Living Corp. (NYSE:CSU): After the company announced that they had acquired eight senior living communities, JMP Securities increased their target on Capital Senior Living Corp. The firm thinks the company’s operating fundamentals are solid while the stock offers a great entry point at current levels. The firm reiterates an Outperform rating.
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CROCS Inc. (NASDAQ:CROX): Piper Jaffray believes Crocs Inc.’s third earnings report, which included a fourth quarter guidance cut, will serve as the “low-water mark” for their stock. The firm finds the risk/reward profile on shares as compelling, despite lowering their price target from $29 to $22, and the firm keeps an Overweight rating on the name.
SAP AG (NYSE:SAP): After the company reported higher than expected revenue but lower than expected earnings per share, JMP Securities increased their target on SAP AG. The firm is cautious on SAP due to their large exposure in Europe and their fears that the company’s cloud initiatives could cannibalize the core business. As a result, the firm maintains an Underperform rating on SAP shares.
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