Wolverine World Wide price target raised to $25 from $24 at KeyBanc

KeyBanc analyst Ashley Owens raised the firm’s price target on Wolverine World Wide (WWW) to $25 from $24 and keeps an Overweight rating on the shares. The firm notes the company posted a beat across the board, driven by growth at Saucony and Merrell. KeyBanc remains encouraged by underlying brand momentum and believes Wolverine is positioned for continued improvement through 2026 as direct-to-consumer health improves and product innovation materializes, supporting modest margin expansion year-over-year. Notably, the gross margin guide appears appropriately conservative given tariff rate volatility, and could surprise to the upside depending on if 15% rates take hold.