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-0.00278810408921927 -0.000929368029739757 -0.00464684014869879 -0.0144052044609665 -0.0111524163568773 -0.0250929368029739 -0.020446096654275 -0.00618029739776948
Stock impact report

Wolverine World Wide downgraded to Neutral at Piper Sandler [Seeking Alpha]

Wolverine World Wide, Inc. (WWW) 
Last wolverine world wide, inc. earnings: 4/22 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Wolverine World Wide downgraded to Neutral at Piper SandlerJan. 05, 2023 9:11 AM ETWolverine World Wide, Inc. (WWW)By:Kevin P. CurranSA News EditorGAPSWolverine World Wide (NYSE:Equity analysts Abbie Zvejnieks and Edward Yruma advised that still-elevated inventory levels are likely to weigh onmargins into 2023. Further, concerns about debt levels continue to grow in a rising rate environment.â??Although we remain constructive on the LT opportunity of WWW's corporate strategy review (including the announced divestiture of Keds and Wolverine Leathers), we are pointing investors to strong growing brands with healthy balance sheets,â? the analysts concluded.Alongside the downgrade from Overweight to Neutral, the pair cut their price target on the stock to $13 from a prior $23. Shares of the Michigan-based footwear manufacturer fell 3.98% shortly before Thursdayâ??s market open.Previously:Schnitzer Steel Non-GAAP EPS of -$0.44 beats by $0.02, revenue of $599M misses by $3.73MRead more on Show less Read more
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