Winnebago price target lowered to $58 from $61 at Roth MKM

Roth MKM analyst Scott Stember lowered the firm’s price target on Winnebago to $58 from $61 and keeps a Neutral rating on the shares after its Q4 revenue miss. The company should be the first OEM to come out of an RV recession on a re-acceleration of share gains and also given its demonstrated expense management, but weak retail demand and dealer reluctance to take on inventory are creating near-term consternation for all RV market players, the analyst tells investors in a research note.