Winnebago price target raised to $32 from $26 at DA Davidson

DA Davidson analyst Brandon Rolle raised the firm’s price target on Winnebago (WGO) to $32 from $26 and keeps a Neutral rating on the shares after meeting with its management team at the Open House event. The firm has come away from the event with a neutral outlook on the industry and the company still intact following its conversations, the analyst tells investors in a research note. DA Davidson adds that it continues to believe that dealer sentiment remains measured, inclusive of cautious optimism paired with the desire to hold inventory at relatively stable levels exiting the main selling season.