Winnebago’s commentary on retail trends more positive, says BMO Capital

BMO Capital analyst Tristan Thomas-Martin keeps an Outperform rating and $70 price target on Winnebago (WGO) while cutting the firm’s FY25 EPS view by 8c to $3.50 after its Q1 earnings miss. The results were not a big surprise as investors’ expectations were already below the Street and moving even lower into the print, the analyst tells investors in a research note. Winnebago’s commentary around retail trends post the election was also positive, which should help support an expected turnaround in the second half of FY25, the firm adds.