DA Davidson raised the firm’s price target on Winnebago to $66 from $64 but keeps a Neutral rating on the shares after its Q2 earnings beat and initial mid-cycle targets. The company has indicated that both sales and profitability would improve sequentially in Q3, but they did not commit to any Q4 assumptions, the analyst tells investors in a research note. Winnebago is also maintaining a cautious near-term outlook for the RV industry, the firm added.
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