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(Edaily reporter Cui Xiaoen) Benchmark initiated an investment opinion on Winnebago Industries (WGO) on the 18th (local time). Benchmark analyst Michael Albanese emphasized that Winnebago’s acquisition of pontoon boat manufacturer Barretta is improving profit margins and increasing market share. Albanese gave Winnebago a “buy” investment opinion and set a target price of $75. This means an increase of about 28% compared to the previous day’s closing price.
Winnebago acquired Barretta and is expected to expand its market share from 3.3% in 2016 to 11.4% in 2024. That’s nearly a three-fold growth rate. Still, the stock is down 20% year to date.
Winnebago Industries shares rose 3% and are currently trading around $60.
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