<p>Benchmark Co. 分析师 Michael Albanese 维持了对 WGO 股票的看涨态度，今天给予了买入评级。</p>
<p>Michael Albanese 给予买入评级的原因是与 Winnebago 最近的表现和前景相关的多种因素。他强调，公司交出的季度业绩在销售、盈利能力和收益方面超出了市场预期，并且适度上调了 2026 财年的指引，这立即反映在股票的两位数百分比波动中。管理层对 2025 日历年的房车出货量展望有所改善，尽管可拖式和机动式房车的短期增长预计将温和，海洋业务则将下降，但该指引被视为可实现且适度保守。</p>
<p>Albanese 还强调，公司内部改进努力正在越来越多地推动业绩，新的产品推出、品牌更新、设施整合、领导层变动和成本措施在更广泛的行业周期转变之前，已经对利润率扩张产生了重要贡献。他指出，资产负债表和营运资本的基本面正在增强，包括更好的库存周转、较低的应收账款和显著更高的 EBITDA 利润率的正向经营现金流。从估值角度来看，他认为当前的交易倍数相对于他的预测具有吸引力，并表示他的 48 美元目标价是基于倍数框架和结合短期与中期假设的 DCF，暗示随着利润率和收益的持续改善，合理的上涨空间。</p>
<p>在今天发布的另一份报告中，花旗也维持了对该股票的买入评级，目标价为 51.00 美元。</p>

Winnebago工业

<p>Benchmark Co. 分析师 Michael Albanese 维持对 Winnebago Industries (WGO) 的买入评级，原因是公司季度业绩强劲、房车出货前景改善以及内部改进推动了利润率扩张。他认为当前估值具有吸引力，目标价为 48 美元。花旗集团也维持买入评级，目标价为 51 美元</p>

<p>Benchmark Co. analyst Michael Albanese has maintained their bullish stance on WGO stock, giving a Buy rating today.</p>
<div class="lb-trans"><p>Benchmark Co. 分析师 Michael Albanese 维持了对 WGO 股票的看涨态度，今天给予了买入评级。</p>
</div><p>Michael Albanese has given his Buy rating due to a combination of factors tied to Winnebago’s recent performance and outlook. He highlights that the company delivered quarterly results that surpassed market expectations on sales, profitability, and earnings, and modestly raised its guidance for fiscal 2026, which was immediately reflected in a double‑digit percentage move in the stock. Management’s outlook for RV shipments has improved for calendar 2025, and although near‑term growth in Towable and Motor segments is expected to be modest and Marine to decline, the guidance is viewed as achievable and appropriately conservative.</p>
<div class="lb-trans"><p>Michael Albanese 给予买入评级的原因是与 Winnebago 最近的表现和前景相关的多种因素。他强调，公司交出的季度业绩在销售、盈利能力和收益方面超出了市场预期，并且适度上调了 2026 财年的指引，这立即反映在股票的两位数百分比波动中。管理层对 2025 日历年的房车出货量展望有所改善，尽管可拖式和机动式房车的短期增长预计将温和，海洋业务则将下降，但该指引被视为可实现且适度保守。</p>
</div><p>Albanese also emphasizes that the company’s internal improvement efforts are increasingly driving results, with new product introductions, brand refreshes, facility consolidation, leadership changes, and cost actions contributing meaningfully to margin expansion even before the broader industry cycle has turned. He notes strengthening fundamentals in the balance sheet and working capital, including better inventory turns, lower receivables, and positive operating cash flow with significantly higher EBITDA margins. From a valuation standpoint, he views the current trading multiples as attractive versus his forecasts and indicates that his $48 price target, informed by both a multiples framework and a DCF that blend near‑term and mid‑cycle assumptions, implies reasonable upside as margins and earnings continue to improve.</p>
<div class="lb-trans"><p>Albanese 还强调，公司内部改进努力正在越来越多地推动业绩，新的产品推出、品牌更新、设施整合、领导层变动和成本措施在更广泛的行业周期转变之前，已经对利润率扩张产生了重要贡献。他指出，资产负债表和营运资本的基本面正在增强，包括更好的库存周转、较低的应收账款和显著更高的 EBITDA 利润率的正向经营现金流。从估值角度来看，他认为当前的交易倍数相对于他的预测具有吸引力，并表示他的 48 美元目标价是基于倍数框架和结合短期与中期假设的 DCF，暗示随着利润率和收益的持续改善，合理的上涨空间。</p>
</div><p>In another report released today, Citi also maintained a Buy rating on the stock with a $51.00 price target.</p>
<div class="lb-trans"><p>在今天发布的另一份报告中，花旗也维持了对该股票的买入评级，目标价为 51.00 美元。</p>
</div>

Winnebago Industries: Internal Improvements, Conservative Guidance, and Attractive Valuation Support Buy Rating

- Benchmark Co. 分析师 Michael Albanese 对 WGO 股票维持买入评级。  
- 公司季度业绩超出市场预期，股价出现两位数涨幅。  
- Citi 也维持买入评级，目标价为 $51.00。

Winnebago Industries：内部改进、保守的指导方针以及有吸引力的估值支持买入评级