DA Davidson analyst Andrew Burns upgraded Wolverine World Wide to Buy from Neutral and raised his price target to $36 from $33, saying the company is positioned for accelerating growth following a multi-year restructuring. Burns says the management's initiatives included divesting brands, closing unprofitable doors, streamlining the supply chain, and adding new members to the brand management teams, which initially resulted in lost revenue and one-time charges, but have now put the company on the path to deliver sustainable organic growth with a 12% plus operating margin. .