Winnebago price target lowered to $43 from $51 at Citi

Citi lowered the firm’s price target on Winnebago (WGO) to $43 from $51 and keeps a Buy rating on the shares. The firm cites reduced confidence in a recreational vehicle industry recovery amid heightened macroeconomic concerns for the target cut. Recent RV industry retail unit trends have been “solid but not spectacular,” and Citi expects the industry to continue to “bounce along the bottom” pending a more meaningful trajectory of interest rate cuts or a more confident consumer.