DA Davidson Maintains Neutral Rating for Winnebago Industries: Here's What You Need To Know

DA Davidson has decided to maintain its Neutral rating of Winnebago Industries WGO and raise its price target from $60.00 to $64.00.

Shares of Winnebago Industries are trading up 0.04% over the last 24 hours, at $72.21 per share.

A move to $64.00 would account for a 11.37% decrease from the current share price.

About Winnebago Industries

Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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