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Argus upgrades Wolverine World Wide to Buy on continued turnaround progress

Argus upgraded Wolverine World Wide (WWW) to Buy from Hold with a $20 price target The company is continuing its turnaround progress with strong sales of Saucony and Merrell Brands, the analyst tells investors in a research note. The stock’s current valuation also “inadequately” reflects the management’s efforts to sell shoes at full price and its turnaround plans, Argus adds.

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