Winnebago price target raised to $61 from $53 at MKM Partners

MKM Partners analyst Scott Stember raised the firm’s price target on Winnebago to $61 from $53 but keeps a Neutral rating on the shares after meeting with its management team. The discussions suggest that RV demand remains weak and that it is way too soon to be excited about reports of relatively robust consumer attendance at retail shows so far in January, but also indicated that the longer-term backdrop for RV demand remains favorable with no visible signs of a post-pandemic exodus of newer RV owners, the analyst tells investors in a research note.