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Fly News Breaks for March 26, 2019
WGO
Mar 26, 2019 | 07:14 EDT
SunTrust analyst Michael Swartz kept his Buy rating and $40 price target on Winnebago after its Q2 results, saying that while the company missed consensus for the first time in 3 years, choppy sales and "corrective actions by dealers" have tempered expectations going into the print. The analyst adds that the company also lost about $20M in revenue because of 10 weather-related lost days of production, but believes that Winnebago remains "well-positioned to maintain or grow margins and market share" in both the near term and the long term.
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