Wolverine World Wide falls after brokerages downgrade stock
ReutersJan 23, 2026 4:00 PM
Shares of footwear maker Wolverine World Wide WWW.N fall 4.9% to $18.33
Argus Research downgrades WWW to 'hold' from 'buy' as co faces various headwinds
Argus Research cites rating cut to uncertainty regarding trade policies, slowing sales in Lifestyle category and investments in its brands
Weak direct-to-consumer revenues in Q3 suggest continuing weakness in a channel important to co's growth and profitability, Argus Research says
Exane BNP Paribas also cuts rating to 'neutral' from 'outperform'; lowers PT to $19 from $38
5 of 10 brokerages rate stock "buy" or higher, 5 "hold"; their median PT is $23 - LSEG-compiled data
Stock had fallen 18.24% in 2025
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