Thor Industries initiated with a Neutral at Seaport Research

Seaport Research initiated coverage of Thor Industries (THO) with a Neutral rating and no price target The firm views the stock’s current valuation as fair. Recreational vehicle customers tend to be more sensitive to the economy than those of other recreational categories like boats or off-road vehicles, the analyst tells investors in a research note. Seaport believes affordability has been a challenge, made worse by higher gas costs and budget compression since the start of the Iran war.