Williams Trading analyst Sam Poser upgraded Wolverine World Wide to Hold from Sell with a price target of $11, up from $7.50, ahead of the company reporting Q1 earnings on Wednesday, May 8. Based on recent checks, the firm is now more constructive on the Saucony business and expects sales to decrease about 15% for the year, compared to a prior expectation for Saucony sales to be down about 22%, the analyst tells investors in a preview note.
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