News Blip: Winnebago Stock Remains Favorable
Shares Of The Recreational Vehicle Manufacturer Rise Up Around 19% Over The Past Three Months Despite Recent Selloffs
A good indicator of a company's success and financial standing is observed by closely watching the NYSE market and the business' stock price. Just last week, shares of recreational vehicle maker Winnebago Industries Inc. took a sight tumble but stock remains favorable for the quarters to come. Of course, Winnebago is a top player in RV manufacturing and has developed an excellent brand recognizable by many Americans.
MarketWatch reporter Tomi Kilgore spoke with NYSE analyst Michael Baudendistel and relays what he had to say: “Our outlook remains favorable for [Winnebago Industries]…as we believe new products and production efficiency improvements will help drive near-term growth in excess of the industry. But with shares trading through our target price, we believe those expectations are more than fully priced into the stock.” Despite the selloff, stock has still run up 19.4% over the past three months, and closed at a record $46.50 on Monday.
Check out the full article at MarketWatch right here.
-MobileRVing: The Buzz