Winnebago price target lowered to $61 from $73 at Citi

Citi lowered the firm’s price target on Winnebago (WGO) to $61 from $73 and keeps a Buy rating on the shares after the company reported Q1 results “well short of expectations,” primarily due to a disappointing margin performance. Similar to Thor Industries (THO), Winnebago is optimistic about the second half of their fiscal year, but first must get past a difficult Q2, which has been “a major stumbling block for RV companies during each of the past two years,” the analyst tells investors.