DA Davidson Maintains Neutral Rating for Winnebago Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DA Davidson has maintained a Neutral rating for Winnebago Industries (NYSE:WGO) but raised its price target from $60.00 to $64.00. Despite the increase in the price target, it still represents an 11.37% decrease from the current trading price of $72.21. Winnebago, known for manufacturing recreational vehicles, has seen significant growth and diversification, with towables comprising 79% of RV unit volume in fiscal 2023.
December 26, 2023 | 5:00 pm
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DA Davidson maintains Neutral on Winnebago with a raised price target of $64, indicating a potential downside from the current price of $72.21, despite the company's growth and market expansion.
The maintained Neutral rating combined with a price target that is below the current trading price suggests that DA Davidson does not see significant upside potential in the short term. This could lead to a negative perception among investors, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100