WGO - Winnebago's Near-Term Challenges: Analyst Highlights Soft Retail Demand Amid Weak Order Trends | Benzinga
BMO Capital Markets analyst Tristan M. Thomas-Martin reiterated the Outperform rating on Winnebago Industries, Inc. (NYSE: WGO), lowering the price target to $80 from $85.
WGO reported a Q4 FY23 sales decline of 34.6% Y/Y to $771.0 million, missing the consensus of $784.33 million.
Revenue was impacted by lower unit sales related to current market conditions and, dealer efforts to reduce inventories, and higher discounts and allowances.
Following the quarterly results, the analyst lowered the price target and estimates to reflect softer volumes in 1H24 and lower ASPs ...