Winnebago price target lowered to $33 from $37 at Citi

Citi analyst James Hardiman lowered the firm’s price target on Winnebago (WGO) to $33 from $37 and keeps a Buy rating on the shares. Despite preannouncing Q3 results, shares of Winnebago dropped 10% Wednesday on weak forward-looking commentary, the analyst tells investors in a research note. The firm says the company “spoke with a muted tone” regarding Q4 and fiscal 2026, as incremental tariff costs, ongoing motorized margin headwinds, and persistent retail weakness are leading to potential pockets of further inventory destocking. These combine to temper expectations moving forward, contends Citi. As such, it cut forward estimates substantially.