Winnebago price target lowered to $30 from $37 at Roth Capital

Roth Capital analyst Scott Stember lowered the firm’s price target on Winnebago (WGO) to $30 from $37 and keeps a Neutral rating on the shares. The company reported in-line Q3 results but also had a major cut to its FY25 guidance, the analyst tells investors in a research note. Consumer confidence remains weak, putting serious doubts on this year’s selling season, while the issues at the legacy Winnebago motorized operations appear to be a “major headwind”, Roth added.