Baird downgrades both Thor and Winnebago as they have attained their price targets
Baird has downgraded both recreational vehicle makers to "neutral" from "outperform" on a valuation basis. The firm says the stocks have approached its price targets as industry fundamentals have improved.
The retail season is just finishing now. When the dealers see what their sales figures are, they may increase their orders. It was a very warm summer, and this always produces a long driving season for people who own an RV.