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Investing.com - BMO Capital has reduced its price target on Winnebago Industries (NYSE:WGO) to $50 from $60 while maintaining an Outperform rating on the recreational vehicle manufacturer. The stock currently trades near $29, close to its 52-week low, having declined nearly 37% over the past six months. According to InvestingPro data, 10 analysts have recently revised their earnings expectations downward.
The price target adjustment follows Winnebago’s preliminary fiscal third-quarter 2025 results, which came in below market expectations according to BMO Capital.
BMO Capital is trimming its fiscal third-quarter 2025 estimates in line with management commentary and lowering forecasts for fiscal fourth-quarter 2025 and fiscal 2026 to reflect anticipated softer production levels this summer.
The reduced production outlook stems from expected muted dealer ordering due to macroeconomic uncertainty until closer to calendar year 2026, BMO Capital noted in its analysis.
BMO Capital also pointed out that Winnebago’s directional commentary aligns with statements from competitor Thor Industries (NYSE:THO) during its most recent earnings release, and the firm has introduced its fiscal 2027 estimates for Winnebago.
In other recent news, Winnebago Industries reported its fiscal third-quarter 2025 earnings, which fell short of analyst expectations. The company posted earnings per share (EPS) of $0.81, missing the projected $0.90, and reported revenue of $775.1 million, slightly below the anticipated $779.46 million. This led to a reduction in Winnebago’s full-year guidance, with the company now expecting fiscal 2025 adjusted EPS between $1.20 and $1.70, and revenue ranging from $2.7 billion to $2.8 billion. Following these results, several research firms adjusted their price targets for Winnebago. Benchmark lowered its target to $42 from $60, while maintaining a Buy rating, citing soft demand and pressure in the RV segment. BMO Capital also reduced its target to $42 from $50, maintaining an Outperform rating, and noted challenges in the motorized vehicle division. KeyBanc and Truist Securities similarly lowered their targets to $34 and $36, respectively, while maintaining positive ratings. These adjustments reflect ongoing challenges, including market caution and potential tariff impacts.
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