Winnebago price target lowered to $35 from $38 at Jefferies

Jefferies lowered the firm’s price target on Winnebago (WGO) to $35 from $38 and keeps a Hold rating on the shares as the analyst updated estimates after the company pre-announced Q3 sales and adjusted EPS expectations below the firm’s prior estimate and consensus. The lowered guidance was largely driven by softness within the Motorized segment, notes the analyst, who points out that Winnebago said it will provide updated FY25 guidance on their Q3 earnings call on June 25.