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Fly News Breaks for February 27, 2018
WGO
Feb 27, 2018 | 06:17 EDT
As reported earlier, BMO Capital analyst Gerrick Johnson upgraded Winnebago to Outperform from Market Perform and raised his price target to $60 from $58. Johnson contends that the RV market growth - currently in its 9th year - will continue at a 10% pace, adding that the company's growth can outgain the competition because of its "operating improvement, enhanced product offering, and emerging trade-up cycle from first time buyers". The analyst also notes that Winnebago will benefit from lower corporate taxes while its stock trades at "significant" valuation discount.
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