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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Read More on WWW:
- Wolverine World Wide price target raised to $23 from $15 at Baird
- Wolverine World Wide Exceeds Q3 Expectations, Raises 2024 Outlook
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- Wolverine World Wide reports Q3 EPS 28c, consensus 22c
- Wolverine World Wide raises 2024 EPS view to 80c-90c from 75c-85c