Seaport Global Upgrades Wolverine World Wide to Buy, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Mitch Kummetz upgrades Wolverine World Wide (NYSE:WWW) from Neutral to Buy and sets a $15 price target.
May 06, 2024 | 1:31 pm
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Wolverine World Wide was upgraded from Neutral to Buy by Seaport Global, with a new price target of $15.
Upgrades by analysts, especially from Neutral to Buy, typically signal a positive outlook on the stock, suggesting an expectation of outperformance in the near term. The setting of a $15 price target further indicates a specific upside potential that Seaport Global sees in the stock, likely based on their analysis of the company's fundamentals, market position, and growth prospects. This can lead to increased investor interest and potentially drive the stock price up as market participants adjust their positions in response to the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100