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Investing.com - Benchmark has reduced its price target on Winnebago Industries (NYSE:WGO) to $42.00 from $60.00 while maintaining a Buy rating on the recreational vehicle manufacturer. The stock, currently trading near its 52-week low of $28, has declined 37% over the past six months, though InvestingPro analysis suggests the shares are undervalued at current levels.
The price target adjustment follows Winnebago’s third-quarter fiscal 2025 results, which were in line with expectations after the company had previously issued a guidance reduction earlier in June.
Benchmark attributed the lowered outlook to soft seasonal demand and continued pressure in Winnebago-branded products across the recreational vehicle segment.
The research firm noted that Winnebago currently has a product refresh underway while the industry cycle appears to be bottoming out, factors that influenced Benchmark’s decision to reset its fiscal year 2026 expectations.
Despite the significant price target reduction, Benchmark maintained its Buy rating on Winnebago stock, citing the company’s "long-term recovery potential" in the recreational vehicle market.
In other recent news, Winnebago Industries reported disappointing third-quarter earnings for fiscal 2025, with earnings per share (EPS) of $0.81, missing the forecast of $0.90, and revenue reaching $775.1 million, slightly below the expected $779.46 million. The company also revised its full-year fiscal 2025 guidance, lowering its EPS forecast to $1.20-$1.70 and revenue expectations to $2.7-$2.8 billion, down from its previous forecasts. Following these results, several analyst firms adjusted their outlooks for Winnebago. BMO Capital reduced its price target from $50 to $42, maintaining an Outperform rating, while KeyBanc lowered its target from $37 to $34, keeping an Overweight rating. Truist Securities also decreased its price target from $40 to $36, maintaining a Buy rating. Analysts cited broader macroeconomic uncertainties and challenges in Winnebago’s motorized vehicle division as contributing factors. Despite the challenges, BMO Capital expressed confidence in long-term trends for the outdoor recreation industry, while Truist noted some positive developments in market share gains.
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