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Fly News Breaks for November 18, 2019
WWW
Nov 18, 2019 | 08:21 EDT
Argus analyst John Staszak upgraded Wolverine World Wide to Buy from Hold with a $39 price target. The analyst believes that the company will benefit from growth in footwear spending, particularly as the economy improves and consumer confidence increases. Staszak adds that Wolverine World's acquisition of PLG should continue to expand the company's retail footprint in athletic and children's markets, even though he sees shares being potentially "volatile and suitable only for risk-tolerant investors."
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