UBS analyst Mauricio Serna tells investors in a research note that the firm remains “bullish” on Wolverine World Wide’s (WWW) turnaround and thinks ongoing investments in the company’s Active and Work brands should drive topline inflection and out-years growth. UBS forecasts a 25% four-year compound annual growth rate post-fiscal 2024 and expects EPS will beat over the near-term. UBS has a Buy rating and $28 price target on the shares.
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