LCI Industries initiated with a Buy at Loop Capital

Loop Capital initiated coverage of LCI Industries (LCII) with a Buy rating and $116 price target as part of a broader research note on RV sector. The North American RV industry is in the late innings of a prolonged inventory restocking period, though retail demand remains challenged with demand skewed towards more affordable, entry-level products, the analyst tells investors in a research note. Loop adds that the company has faced market share concerns in the past, but the firm believes LCI has successfully offset any market share losses with gains in other categories.