UBS analyst Mauricio Serna raised the firm’s price target on Wolverine World Wide (WWW) to $30 from $22 and keeps a Buy rating on the shares. Wolverine World Wide likely had a strong quarter, led by Saucony’s momentum and solid Merrell trends, and UBS sees a 4c EPS beat, the analyst tells investors in a research note. Given ongoing tariff uncertainty, the firm expects Wolverine will provide only Q3 guidance.
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