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Wolverine World Wide upgraded to Buy from Hold at Williams Trading

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.

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