Upgrade of the Week: Crocs Inc. by Standpoint Research

Like Upgrades -- Who doesn't?  Crocs Inc. (NASDAQ:CROX) scored a huge one this week from Standpoint Research who went to bat for the plastic shoemaker and set a target price that implies a 12 month gain of 77%.  Who is Standpoint Research you ask? 
Well according to the About Us page on their website the seven person team scores a pretty penny when they sell one of their Weekly Picks Annual Subscription, its only  $12,000.00 which works out to 340 pairs of Crocs classic sandals (what a bargain!)

This week Standpoint Research set a 'Buy' Rating on Crocs Inc. (CROX) with a $10 price target and downgraded Deckers (DECK) -- apparently the 7 person team loves shoes. 

According to StreetInsider.com -- Standpoint Research downgraded Deckers Outdoor Corp. (Nasdaq: DECK) from Buy to Hold, citing valuation.

The firm notes that DECK is up 70% since their May 29th recommendation versus up 20% in the S&P. They said the shares are now fairly valued at 12X estimates for next year.

The firm said, "we are more concerned with where the market is than we are with DECK itself. We initiated coverage on Crocs (Nasdaq: CROX) November 9th … the risk-reward there seems a bit more favorable and that is where we prefer to place our bet in the footwear industry."

So can Crocs increase 77% in 12 months?  Anything is possible in this market, what I want to know is do you get a free bowl of soup when you buy Standpoint's Weekly Picks Annual Subscription for $12,000.00?

Disclaimer: No positions in any of the securities mentioned in this publication.