Winnebago price target lowered to $50 from $58 at Truist

Truist analyst Michael Swartz lowered the firm’s price target on Winnebago (WGO) to $50 from $58 but keeps a Buy rating on the shares. The stock’s post-earnings gains in spite of the FY25 guide-down was a reflection of both a low bar and incrementally positive commentary around recent demand and market share trends, the analyst tells investors in a research note. Shares are trading at a depressed 7.5-times expected FY25 EBITDA multiple, and the firm continues to recommend the name to long-term oriented investors, Truist adds.