Winnebago price target raised to $70 from $67 at Citi

Citi analyst James Hardiman raised the firm’s price target on Winnebago to $70 from $67 and keeps a Buy rating on the shares. The company’s "cautious approach" to shipments largely lines up with Citi’s view of retail over the next year, leaving less of an overhang headed into fiscal 2024 and "less for bears to play for," Hardiman tells investors in a research note. The analyst sees a "significant opportunity" if Winnebago management continues to stick to a cautious playbook, saying the stock’s valuation is currently much more about limiting downside than maximizing upside over the medium term.