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Fly News Breaks for January 23, 2019
WWW
Jan 23, 2019 | 08:42 EDT
Baird analyst Jonathan Komp added a Fresh Pick designation to Wolverine World Wide as he believes its Merrill and Sperry brand are poised to show good momentum in Q4, supported by a range of internal drivers. He said the current valuation is very attractive and he sees a favorable outlook based on potential for continued double digit earnings gains and valuation expansion. Komp reiterated his Outperform rating and $40 price target on Wolverine World Wide shares.
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