Jefferies Maintains a 'Buy' on Wolverine World Wide (WWW); Recovering Legacy Business and Accretion From PLG Deal

June 18, 2012 7:38 AM EDT
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Price: $23.27 +1.53%

Rating Summary:
    6 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies maintains a 'Buy' on Wolverine World Wide (NYSE: WWW) price target of $49.00.

Analyst, Taposh Bari, said, "The combination of a choppy market and (yet another) uncertain summer has cast a cloud on the group. That said, we believe the recent pullback in WWW creates an attractive entry point for a company in the midst of a game-changing acquisition. We still expect the deal to close in mid-late September and drive ~ 40c EPS accretion in 2013."

For an analyst ratings summary and ratings history on Wolverine World Wide click here. For more ratings news on Wolverine World Wide click here.

Shares of Wolverine World Wide closed at $37.98 yesterday.

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