Winnebago Industries (WGO) PT Raised to $48 at BMO Capital

BMO Capital analyst Tristan Thomas-Martin raised the price target on Winnebago Industries (NYSE: WGO) to $48.00 (from $45.00) while maintaining a Outperform rating.

The analyst commented: "A lower share count and slight revenue/margin upside drove the beat. Management sounded positive on the macro and ASV growth modestly accelerated though it is still
early in the FY, and thus management only reaffirmed annual guidance. Management sized its non-proprietary Gen-AI risk exposure (news filings, as reported financial data) as 10%, which compares to SPGI's Market Intelligence of 12%. We believe yesterday's share weakness was driven by continued investor skepticism on the macro and Gen-AI risk for FDS despite a decent quarter. Modest changes to our estimates and target."

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