WGO - Winnebago Rides The Road To Recovery: Analyst Boosts Target Amid Signs Of Revival | Benzinga
Truist Securities analyst Michael A.Swartz reiterated a Buy rating on the shares of Winnebago Industries Inc (NYSE: WGO) and raised the price target from $70 to $85.
With regard to Q1 FY24, profitability was unfavorably impacted by a range of items, including higher variable comp expense, IT/systems investments, Grand Design motorized start-up costs and transitory inefficiencies within the Motorized RV business, says the analyst.
Also, there was unfavorable absorption and higher discounting & promotional allowances across all of WGO's segments, adds the analyst.
Despite the softer-than-anticipated ...