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Wolverine World Wide (WWW) Stock Downgraded Today at Wunderlich Securities

2015-01-13 17:59:10| Footwear - Topix.net

The firm said it lowered its rating on the designer, manufacturer, and marketer of casual footwear and apparel as the company is facing several earnings headwinds. Wunderlich said it believes the company is making all of the necessary changes and investments to the business its needs to support long term growth, but added that foreign exchange headwinds, strategic realignments, and increased pension expenses will weigh on its overall results.

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