Stifel raised the firm’s price target on Wolverine World Wide (WWW) to $30 from $25 and keeps a Buy rating on the shares. The company reported a Q2 earnings beat and offered a conservatives outlook for Q3, leaving potential for upside, the analyst tells investors in a research note. The firm sees an upside bias to estimates and believes Wolverine’s “structural runway” for sales growth and margin expansion warrants a premium valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WWW:
- Wolverine World Wide sees Q3 adjusted EPS 28c-32c, consensus 29c
- Wolverine World Wide reports Q2 adjusted EPS 35c, consensus 24c
- Wolverine World Wide price target raised to $25 from $20 at Piper Sandler
- Wolverine World Wide price target raised to $30 from $20 at Seaport Research
- Wolverine World Wide price target raised to $30 from $22 at UBS