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.”
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