By Josh Beckerman
Winnebago Industries shares declined after Truist Securities and BMO Capital reduced their price targets.
The stock was 7% lower Friday at $34.95 and is down about 26% this year. Truist lowered its target to $50 from $58 while BMO decreased its target to $60 from $70.
The RV and boat maker said Thursday that revenue for the second quarter ended March 1 fell 12% to $620.2 million, reflecting a reduction in average selling price per unit related to product mix.
Winnebago revised full-year revenue guidance to $2.8 billion to $3 billion, compared with its previous outlook of $2.9 billion to $3.2 billion, citing "stubborn interest rates, inconsistent consumer sentiment, and dealers that continue to push inventory levels lower."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 28, 2025 14:08 ET (18:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。