LCI Industries price target lowered to $135 from $147 at Truist

Truist analyst Gregory Miller lowered the firm’s price target on LCI Industries (LCII) to $135 from $147 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 results for Recreational Vehicles. The firm is taking a more conservative stance on Q1 earnings given what has been a mixed start to the year – not helped by challenged winter weather around some retail shows and in the last month by the Iran conflict, the analyst tells investors in a research note. Truist adds however that it sees the prospect for significant stock price growth if there is a relatively quick and positive resolution to current world affairs.