Winnebago Industries (WGO) PT Raised to $115 at BMO Capital

BMO Capital analyst Gerrick Johnson raised the price target on Winnebago Industries (NYSE: WGO) to $115.00 (from $100.00) while maintaining an Outperform rating.

The analyst commented, "Winnebago (WGO) posted better-than-expected FY4Q21 results, and provided positive commentary regarding current trends, including retention of first-time pandemic buyers. Some investors remain skeptical about the sustainability of demand, particularly after a bad dealer call hosted by a competitor. We remain bullish. Our research indicates a significant and sustainable increase in engagement with the outdoor lifestyle, and early signs of an upgrade super cycle. With strong cash flow, we think we will see more accretive, premium lifestyle investments like the recent Barletta acquisition."

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