<p>Benchmark Co. 分析師 Michael Albanese 維持了對 WGO 股票的看漲態度，今天給予了買入評級。</p>
<p>Michael Albanese 給予買入評級的原因是與 Winnebago 最近的表現和前景相關的多種因素。他強調，公司交出的季度業績在銷售、盈利能力和收益方面超出了市場預期，並且適度上調了 2026 財年的指引，這立即反映在股票的兩位數百分比波動中。管理層對 2025 日曆年的房車出貨量展望有所改善，儘管可拖式和機動式房車的短期增長預計將温和，海洋業務則將下降，但該指引被視為可實現且適度保守。</p>
<p>Albanese 還強調，公司內部改進努力正在越來越多地推動業績，新的產品推出、品牌更新、設施整合、領導層變動和成本措施在更廣泛的行業週期轉變之前，已經對利潤率擴張產生了重要貢獻。他指出，資產負債表和營運資本的基本面正在增強，包括更好的庫存週轉、較低的應收賬款和顯著更高的 EBITDA 利潤率的正向經營現金流。從估值角度來看，他認為當前的交易倍數相對於他的預測具有吸引力，並表示他的 48 美元目標價是基於倍數框架和結合短期與中期假設的 DCF，暗示隨着利潤率和收益的持續改善，合理的上漲空間。</p>
<p>在今天發佈的另一份報告中，花旗也維持了對該股票的買入評級，目標價為 51.00 美元。</p>

Winnebago工業

<p>Benchmark Co. 分析師 Michael Albanese 維持對 Winnebago Industries (WGO) 的買入評級，原因是公司季度業績強勁、房車出貨前景改善以及內部改進推動了利潤率擴張。他認為當前估值具有吸引力，目標價為 48 美元。花旗集團也維持買入評級，目標價為 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. 分析師 Michael Albanese 維持了對 WGO 股票的看漲態度，今天給予了買入評級。</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 給予買入評級的原因是與 Winnebago 最近的表現和前景相關的多種因素。他強調，公司交出的季度業績在銷售、盈利能力和收益方面超出了市場預期，並且適度上調了 2026 財年的指引，這立即反映在股票的兩位數百分比波動中。管理層對 2025 日曆年的房車出貨量展望有所改善，儘管可拖式和機動式房車的短期增長預計將温和，海洋業務則將下降，但該指引被視為可實現且適度保守。</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 還強調，公司內部改進努力正在越來越多地推動業績，新的產品推出、品牌更新、設施整合、領導層變動和成本措施在更廣泛的行業週期轉變之前，已經對利潤率擴張產生了重要貢獻。他指出，資產負債表和營運資本的基本面正在增強，包括更好的庫存週轉、較低的應收賬款和顯著更高的 EBITDA 利潤率的正向經營現金流。從估值角度來看，他認為當前的交易倍數相對於他的預測具有吸引力，並表示他的 48 美元目標價是基於倍數框架和結合短期與中期假設的 DCF，暗示隨着利潤率和收益的持續改善，合理的上漲空間。</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>在今天發佈的另一份報告中，花旗也維持了對該股票的買入評級，目標價為 51.00 美元。</p>
</div>

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

- Benchmark Co. 分析師 Michael Albanese 對 WGO 股票維持買入評級。  
- 公司季度業績超出市場預期，股價出現兩位數漲幅。  
- Citi 也維持買入評級，目標價為 $51.00。

Winnebago Industries：內部改進、保守的指導方針以及有吸引力的估值支持買入評級