Williams downgrades Wolverine World Wide on slowing Saucony gowth

Williams Trading last night downgraded Wolverine World Wide (WWW) to Hold from Buy with a price target of $27, down from $30. The firm expects Saucony’s year-over-year sales growth to decelerate to low-single-digits by early 2026. Channel checks indicate that Saucony’s lifestyle product offerings are losing some momentum, especially the men’s shoes, the analyst tells investors in a research note. Williams says supply of those men’s shoes is exceeding the demand.