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Winnebago price target lowered to $34 from $37 at KeyBanc

KeyBanc lowered the firm’s price target on Winnebago (WGO) to $34 from $37 and keeps an Overweight rating on the shares. Winnebago reported slight beats for Q3 adjusted EPS and revenue, in line with the preannounced guidance ranges issued on June 5, though the headline results and guidance cut were not that surprising, the analyst tells investors in a research note. The firm believes the magnitude of the stock move is overdone and views Winnebago as well-positioned given its historical share resilience and shipment discipline.

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