Winnebago price target lowered to $68 from $76 at Truist

Truist lowered the firm’s price target on Winnebago to $68 from $76 but keeps a Buy rating on the shares after its Q3 earnings miss. The road to recovery for the company has been more tenuous than anticipated and certain headwinds are likely to persist in the near-term, though the firm continues to view Winnebago as a high-quality long-term holding, the analyst tells investors in a research note. With shares now trading at a “depressed” multiple of 6-times expected FY25 EBITDA, Truist continues to recommend the stock to “patient” long-term investor, the firm added.