BMO Capital analyst Tristan Thomas-Martin lowered the firm’s price target on Winnebago (WGO) to $48 from $55 and keeps an Outperform rating on the shares. The company’s Q2 results came in better than expected behind motorized strength and new product ship-in for Winnebago Towables, the analyst tells investors in a research note. Despite the macro backdrop/Iran conflict, FY26 guidance was maintained, though BMO is lowering its estimates given a slower-than-expected start to the year at retail as well as ongoing macro uncertainty and a more cautious dealer ordering backdrop, the firm added.
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