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Fly News Breaks for December 23, 2019
WGO
Dec 23, 2019 | 07:48 EDT
SunTrust analyst Michael Swartz raised his price target on Winnebago to $62 and kept his Buy rating after its Q1 earnings beat, saying the company's "growth story" remains underpinned by its market share gains. The analyst adds that while Winnebago's margins may expand a "bit slower" than anticipated in FY20 with "messy" near-term estimate revisions, his positive bias on the stock remains unchanged amid the company's continued towable share gains, improving motorhome margins and potential synergies from its 2019 Newmar acquisition.
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