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Fly News Breaks for December 23, 2019
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.
News For WGO From the Last 2 Days
May 19, 2022 | 08:15 EDT
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.