UBS analyst Mauricio Serna tells investors in a research note that the firm remains “bullish” on Wolverine World Wide’s (WWW) turnaround and thinks ongoing investments in the company’s Active and Work brands should drive topline inflection and out-years growth. UBS forecasts a 25% four-year compound annual growth rate post-fiscal 2024 and expects EPS will beat over the near-term. UBS has a Buy rating and $28 price target on the shares.
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Read More on WWW:
- Wolverine World Wide upgraded to Buy from Hold at Stifel
- Foot Locker upgraded to Hold from Sell at Williams Trading
- Wolverine World Wide price target raised to $23 from $15 at Telsey Advisory
- Wolverine World Wide price target raised to $25 from $20 at Seaport Research
- Wolverine World Wide price target raised to $23 from $15 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
