Fly News Breaks for October 24, 2019
Oct 24, 2019 | 07:28 EDT
SunTrust analyst Michael Swartz raised his price target on Winnebago to $58 and kept his Buy rating after its Q4 results, saying his positive thesis was further "emboldened" by the company gaining towable market share and generating motorized home profitability. The analyst cites Winnebago's Q3 sales and EBITDA exceeding expectations, while its backlog and order metrics were stronger than he had anticipated. Swartz further contends that Winnebago has the momentum to execute beyond FY20/FY21 and also raises his EPS forecasts on those respective years by 30c and 35c to $4.25 and $4.60.
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