Wolverine Worldwide Reports Fourth Quarter and Full Year 2023 Results In-Line With Guidance and Provides Outlook for 2024

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Wolverine World Wide (WWW) PT Raised to $7.50 at Williams Trading, 'Sell WWW'

February 22, 2024 6:33 AM EST

Williams Trading analyst Sam Poser raised the price target on Wolverine World Wide (NYSE: WWW) to $7.50 (from $7.00) while maintaining a Sell rating.

The analyst comments "Sell WWW. While the 4Q23 results were inline with the preliminary results provided at the ICR Conference in January, the guidance, especially the gross margin guidance, for FY24 is too optimistic. That said, we are raising our FY24 estimates... More