Barclays analyst Jonathan Komp lowered the firm’s price target on Wolverine World Wide to $10 from $13 and keeps an Equal Weight rating on the shares. The firm said Q2 results met low expectations, but the company materially cut 2H guidance and replaced its CEO in reaction to more challenging near-term financial performance.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WWW:
- Wolverine World Wide downgraded to Hold from Buy at Williams Trading
- Wolverine World Wide downgraded to Neutral from Buy at Seaport Research
- Wolverine World Wide falls -21.5%
- Wolverine World Wide falls -24.2%
- Wolverine World Wide falls -22.5%
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue