Markets & Finance

Baird Ups Winnebago to 'Outperform'

Baird upgraded Winnebago Industries (WGO) to outperform from neutral.

Analyst Brian Tilton says he's incrementally more positive following Winnebago's dealer event. He notes retail trends remain healthy. Also, Winnebago has launched important new diesel products targeting an untapped price segment. Over time, he thinks the launch could add about $100 million to revenue annually.

Tilton raised the $2.80 fiscal 2004 (Aug.) earnings per share estimate to $2.95. He raised the $42 target to $48.

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