Roth/MKM analyst Scott Stember reiterated a Neutral rating and $59.00 price target on Winnebago Industries (NYSE: WGO)

The analyst comments "We maintain our Neutral rating and $59 PT following a recent in-person NDR in London and Stockholm with management of Winnebago Industries (CEO Michael Happe and CFO Bryan Hughes). We maintain our stance that WGO should be in a good spot to benefit once the RV/Marine downturn abates. However, with much more work needed to make a dent in restoring consumer demand or dealer appetite to take on inventory, we pare our FY'24/FY25 EPS estimates ahead of this Wednesday's Q4 earnings release."

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Shares of Winnebago Industries closed at $60.38 yesterday.