Jefferies Maintains a 'Buy' on Wolverine World Wide (WWW); Recovering Legacy Business and Accretion From PLG Deal
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Price: $51.80 -1.45%
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade WWW Now!
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, with a 52 week range of $30.77-$44.13.
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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, with a 52 week range of $30.77-$44.13.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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