Citi analyst James Hardiman raised the firm’s price target on Winnebago to $88 from $80 and keeps a Buy rating on the shares. The firm’s FY24 adjusted EPS estimate is lower to account for a Q1 miss and a reduction to its Qs and Q3 estimates, but it remains confident in a late back-half improvement in trends. Despite the reduction in near-term estimates, the firm remains confident in the long-term outlook for the industry and Winnebago and its price target is up as a result.
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