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Non-Tech : Stride Rite (SRR) Children's Shoes, Keds

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To: Carey Thompson who wrote ()11/12/1998 11:05:00 AM
From: Carey Thompson   of 100
 
A brokerage downgrades the companies it covers in the shoe industry:

Thursday November 12, 10:27 am Eastern Time

RESEARCH ALERT-BT Alex.Brown cuts shoe companies

NEW YORK, Nov 12 (Reuters) - BT Alex.Brown said on Thursday it lowered its rating on the stocks of four shoe companies.

-- Stride Rite Corp. (NYSE:SRR - news) cut to market perform from a buy. Stock off 1/16 at 9-15/16.

-- Maxwell Shoe Co. (Nasdaq:MAXS - news) cut to market perform from a strong buy. Stock off two at 10-1/4.

-- Timberland Co. (NYSE:TBL - news) cut to market perform from a buy rating. Stock off 2-1/4 to 43-3/8.

-- Wolverine World Wide Inc. (NYSE:WWW - news) cut to market perform from a buy. Stock up 8/16 at 13-7/16.
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