Winnebago price target raised to $76 from $62 at Truist

Truist raised the firm’s price target on Winnebago to $76 from $62 and keeps a Buy rating on the shares as part of a broader research note on Recreational Vehicles citing data from the Winter RV Dealer Survey. While signs point to a deeper and more protracted pricing and margin spiral in 2023 with 55% of dealers anticipating volume to be flat to down y/y, there were "positive anecdotes" around customer traffic and RV show results in January-February, the analyst tells investors in a research note.