Stifel sees a strong bull case for casual footwear and apparel company Wolverine World Wide . The firm upgraded Wolverine World Wide, which owns Merrell and Saucony shoemaker brands, to buy from hold. It also lifted its price target by $8 to $29, which suggests shares could gain 27.6%, after soaring more than 155% this year already. "Following stabilization and balance sheet progress across 2024, 2025 is an inflection year.
"An upside case is predicated on execution across 2025, building credibility of sustainable growth, and valuation." WWW YTD mountain Wolverine World Wide performance this year. Behind Wolverine World Wide's transformation was its divestment of its Sperry and Keds brands, as well as its transition to a new operating model with its Merrell and Saucony China businesses. The company's decision to sell its U.S.