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Montgomery Securities issued a BUY on July 8, headlined: "Wolverine is Hitting on all Cylinders" Montgomery says, "The Hush Puppies line continues to be strong, the Wolverine Footwear group gains momentum with several new products, Caterpillar boots/shoes are hot in the U.S. (in addition to Europe) and the slipper business is beginning a transformation with a new sales and marketing team." WWW also will sign a licensing agreement with Coleman, which "should enable WWW to better penetrate mass merchants and big sporting good chains." The price fell below 25 despite a strong 2Q earnings report, with EPS up 31 percent over 2Q96. | ||||||||||||||
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