SunTrust analyst Michael Swartz raised his price target on Winnebago to $48 and kept his Buy rating after its Q3 earnings beat, saying the "decent" quarter also saw improvement in towable revenue and gross margins. The analyst cites improving dealer inventory levels and "robust retail share gains" for the company's towable unit, with expected tailwinds potentially coming from the raw material and input cost trends over the next 12-18 months. Swartz states that Winnebago is "defying" broader industry trends and sees its market share gains and margin improvement as "considerable near-term earnings catalysts."