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Fly News Breaks for March 16, 2018
WGO
Mar 16, 2018 | 07:19 EDT
As reported earlier, SunTrust analyst Michael Swartz upgraded Winnebago to Buy from Hold and also raised his price target to $54 from $52. Swartz says the recent selloff in the stock price provides an attractive entry point as the current valuation has "de-risked" the troubled motorized business which still accounts for about 45% of sales and also offers "little credit for potential sales acceleration and margin expansion" in the next 12-18 months. The analyst believes that some sales acceleration and improved profitability for Motorized unit are coming in the next 6-12 months.
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