Stifel upgrades Wolverine World Wide to Buy, projecting strong earnings growth in 2025.

From Investing.com: 2024-12-10 21:33:25

Stifel upgraded Wolverine World Wide Inc (NYSE:) to Buy from Hold, citing strong earnings growth potential in 2025 and beyond. The footwear maker is expected to see an “inflection year” in 2025, driven by spring orders, momentum in its Saucony brand, and increased distribution.

The brokerage raised WWW’s target price to $29 from $21, representing a nearly 28% upside from its Tuesday close. CEO Chris Hufnagel’s transformation plan is set to enter the growth phase in 2025, with a focus on sustainable earnings power and streamlined expenses.

Stifel highlighted WWW’s compelling earnings growth potential, based on high margin revenues and efficient expense management. The brokerage estimates the company’s 2025 adjusted earnings per share at $1.38, with a 7.5% revenue growth projection.

With an emphasis on execution and sustainable growth, Stifel analysts believe WWW’s target price could increase further on better performance and improving trends in 2025. The company’s recent stabilization and balance sheet measures are expected to support its growth trajectory in the coming years.



Read more at Investing.com: Stifel upgrades to Buy on improving 2025 prospects By Investing.com