Winnebago price target lowered to $80 from $85 at BMO Capital

BMO Capital lowered the firm’s price target on Winnebago to $80 from $85 but keeps an Outperform rating on the shares. The company’s Q4 results came in below expectations on the top line, but its margins were better than many expected, particularly for towables, the analyst tells investors in a research note. Short-term headwinds remain with retail demand and dealer ordering remaining depressed, but Winnebago is taking the right steps in addressing affordability concerns, the firm added.