BMO Capital raised the firm’s price target on Winnebago (WGO) to $45 from $40 and keeps an Outperform rating on the shares. The company’s Q4 results exceeded expectations, driven by stronger-than-expected revenue in the motorized and marine segments, while Towable segment lagged, the analyst tells investors in a research note. BMO maintains its view that Winnebago can grow sales and earnings, owing to operational improvement, market share gains from Barletta, Newmar, and Winnebago Towables.
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