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Winnebago upgraded from hold to buy rating

 

FOREST CITY, Iowa — Winnebago Industries was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, reported the Dispatch Tribunal.

According to Zacks, “Winnebago has been focusing to increase its production of Class A gas and Class C motorhomes by building new facilities, which will lead to a rise in product demand, in future. The company is well positioned with its industry-leading products and solid balance sheet.”

Zacks added, “Also, its shares repurchase programs and frequent dividend payments will boost its shareholders’ value. Moreover, divesting its non-core operations will help Winnebago to focus on its core operation i.e. recreational vehicles. In the last three months, its shares have outperformed in the industry it belongs to.”

Read entire article at the Dispatch Tribunal.

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About Ronnie Wendt

Ronnie Wendt is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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