Seaport Research analyst Mitch Kummetz raised the firm’s price target on Wolverine World Wide (WWW) to $25 from $20 and keeps a Buy rating on the shares. The company reported “solid” Q3 sales, EBIT, and EPS beat, the analyst tells investors. While Q4 is expected to be another negative quarter for Saucony, growth should begin to kick in by Q1 of 2025 and the company seems confident in the brand’s potential and prospects, the firm adds.
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