Wolverine World Wide price target lowered to $18 from $25 at Seaport Research

Seaport Research analyst Mitch Kummetz lowered the firm’s price target on Wolverine World Wide (WWW) to $18 from $25 and keeps a Buy rating on the shares. The firm expects the company to lower or possibly withdraw its guidance, the analyst tells investors. Seaport has lowered its price target due to multiple contraction across the peer group.