Winnebago price target lowered to $42 from $50 at BMO Capital

BMO Capital lowered the firm’s price target on Winnebago (WGO) to $42 from $50 but keeps an Outperform rating on the shares. The company’s Q3 results came in line with preliminary results and guidance was unsurprisingly lowered below the Street though more in line with investor expectations, the analyst tells investors in a research note. BMO adds however that Winnebago has a solid brand portfolio, and the firm remains confident in the company’s long-term outdoor recreation trends.