Roth/MKM Reiterates Neutral Rating on Winnebago Industries (WGO)

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."

For an analyst ratings summary and ratings history on Winnebago Industries click here. For more ratings news on Winnebago Industries click here.

Shares of Winnebago Industries closed at $60.38 yesterday.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• MicroVision enters agreement to sell up to $42 million in common stock
• MagnaChip (MX) files $50M mixed shelf