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Wolverine World Wide price target raised to $29 from $26 at UBS

UBS raised the firm’s price target on Wolverine World Wide (WWW) to $29 from $26 and keeps a Buy rating on the shares. Wolverine World Wide’s investments in Active brands should drive sustainable sales and EPS growth, the analyst tells investors in a research note. UBS believes the market is underappreciating the durability of Wolverine’s growth.

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