NEW YORK (TheStreet) -- Shares of Wolverine World Wide (WWW) - Get Report  are up 5.98% to $21.45 in mid-afternoon trading as the company's rating was upgraded this morning to "positive" from "neutral" at Susquehanna. 

Additionally, the Rockford, MI-based footwear manufacturer's price target was raised to $25 from $18. 

The firm believes Wolverine's expected yearly results are achievable, considering the company's margin and sales growth are improving. 

Wall Street is underestimating Wolverine's ability to recover their margin in two to three years, Susquehanna said. "While this may be early, product trends appear to be improving as evidenced by some enthusiasm we see around Sperry's Spring non-boat shoe business, among others."

Wolverine's fiscal 2016 Q1 results were better than expected, and Susquehanna believes this points to positive fiscal 2016 Q2 results as well. "Similarly, 2H16 expectations also seem achievable given that compares aren't difficult, inventory should improve in 3Q and on the product side, there are several new initiatives at Merrell and building pockets of demand at Sperry."

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate WOLVERINE WORLD WIDE as a Buy with a ratings score of B-. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

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