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Fly News Breaks for September 17, 2015
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Sep 17, 2015 | 12:17 EDT
As previously reported, DA Davidson downgraded Wolverine World Wide to Neutral from Buy. Analyst Andrew Burns said Wolverine's preliminary Q3 results and lowered revenue guidance puts annual guidance and top line reacceleration story at risk. Burns said Wolverine's valuation limits downside but the lack of visibility limits share appreciation. The analyst lowered his price target on shares to $28 from $33.
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