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Fly News Breaks for June 21, 2019
WGO
Jun 21, 2019 | 06:57 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Winnebago to $46 and kept his Outperform rating after its Q3 earnings beat. The analyst notes that while the company's sales declined from last year and missed expectations, margins were strong and market share gains also continued. Johnson further contends that the RV industry demand trends remain positive over the long term and expects Winnebago to continue to drive sales and earnings growth at rates exceeding the competition.
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