Winnebago price target lowered to $42 from $54 at DA Davidson

DA Davidson lowered the firm’s price target on Winnebago (WGO) to $42 from $54 and keeps a Neutral rating on the shares. The shares have traded higher after beating Q2 earnings expectations and cutting FY25 EPS guidance, the analyst tells investors in a research note. The firm believes a guidance cut was largely expected, but the extent of the cut was less than feared, adding that the cut was driven by challenged retail and dealer order demand, which aligns with previous commentary.