UBS raised the firm’s price target on Wolverine World Wide (WWW) to $39 from $36 and keeps a Buy rating on the shares. The firm’s analyses suggest Wolverine had a strong Q3, led by momentum at Saucony and solid trends at Merrell, the analyst tells investors in a research note. UBS expects a 3c EPS beat and thinks the company will provide in-line guidance for Q4, driving modest upwards revisions to Street estimates for FY25.
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