KeyBanc lowered the firm’s price target on Winnebago (WGO) to $37 from $40 and keeps an Overweight rating on the shares. The firm notes the company announced preliminary Q3 results, expecting adjust EPS of 75c-85c on sales of about $775M, citing macro uncertainty, a cautious dealer network, and softer consumer sentiment. Despite headwinds, Winnebago highlighted its commitment to maintaining inventory health via a measured shipment strategy to align with market conditions, positive response to new Lineage product, and a strengthening towables business.
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