Citi analyst James Hardiman lowered the firm’s price target on Winnebago (WGO) to $51 from $58 and keeps a Neutral rating on the shares. The firm cites lower estimates and a reduced multiple for the target cut after Thor Industries (THO) reported a miss and guide-down on margin weakness. Citi believes an uncertain macro backdrop “threatens to undo recent progress” made in towable retail and wholesale trends.
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