Exane BNP Paribas Downgrades Wolverine World Wide to Neutral, Announces $9 Price Target
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Laurent Vasilescu has downgraded Wolverine World Wide (NYSE:WWW) from Outperform to Neutral and set a price target of $9.
August 11, 2023 | 1:46 pm
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NEGATIVE IMPACT
Wolverine World Wide has been downgraded to Neutral from Outperform by Exane BNP Paribas, with a new price target of $9.
The downgrade from Outperform to Neutral by a major analyst indicates a less optimistic outlook for the company's stock. The new price target of $9 also suggests a potential decrease in the stock's value. This could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100