SunTrust analyst Michael Swartz raised his price targets on Buy-rated Thor Industries (THO) to $92 and on Winnebago (WGO) to $65 as part of a broader research note on RV stocks. The analyst says he attended the Florida RV show and left with an incrementally more positive view on industry retail as its performance appears to have improved. Swartz sees upside in the numbers for Thor Industries and Winnebago over the next 12 months based on his expected catalysts of margin upside and share gains for the two companies respectively.
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DA Davidson analyst Brandon Rolle downgraded Winnebago to Neutral from Buy with a price target of $52, down from $70. The analyst states that while his fresh round of RV industry checks suggests continued weakness at retail through mid-May, his visit to the Elkhart, Indiana production facilities also sparked questions whether RV OEMs are "producing with greater discipline" compared to 2018-2019 period.