Williams Trading upgraded Wolverine World Wide to Buy from Hold with a price target of $16, up from $11. The company’s increased FY24 guidance “appears to be conservative, despite the hockey stick image,” but improving sell-through trends and increased orders at Saucony are not reflected in the guidance, says the analyst, who is raising the firm’s FY24 and FY25 estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WWW:
- Wolverine World Wide Announces CFO Transition and New Compensation
- Wolverine World Wide Announces $150 Million Share Buyback Plan
- Wolverine World Wide names Taryn Miller as CFO, succeeding Michael Stornant
- Wolverine World Wide sees 2024 EPS 65c-85c, consensus 75c
- Wolverine World Wide reports Q1 adjusted EPS 5c, consensus 1c