Wolverine World Wide upgraded to neutral from negative at Susquehanna

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Wolverine World Wide profit more than doubles

Wolverine World Wide Inc. WWW on Wednesday reported a sharp rise in its first-quarter profit after restructuring, and raised its earnings outlook for the year. The Michigan-based footwear manufacturer made a quarterly profit of $46.7 million, or 48 cents a share, compared with $16.7 million, or 17 cents, for the same period a year earlier.

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