Baird raised the firm’s price target on Winnebago to $75 from $70 and keeps an Outperform rating on the shares. The firm lowered estimates as demand remains soft as monthly payments deter consumer spending, but lower RV prices and falling interest rates offer hope. Baird noted the company’s profits fell short as Winnebago maintained investments in a depressed market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WGO:
- Winnebago Industries Reports First Quarter Fiscal 2024 Results
- Options Volatility and Implied Earnings Moves Today, December 20, 2023
- Winnebago price target raised to $70 from $58 at Roth MKM
- Options Volatility and Implied Earnings Moves This Week, December 18 – December 21, 2023
- WGO Earnings this Week: How Will it Perform?
