Truist lowered the firm’s price target on Thor Industries (THO) to $110 from $115 and keeps a Hold rating on the shares. The firm’s RV Tracker data suggests that retail revenue was likely down high single digits y/y in August, reversing the positive trend line seen since March, with the momentum reversal in both towable and motorized units seen as the primary driver of the slowdown, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THO:
- Thor Industries Declares Quarterly Cash Dividend
- Thor Industries price target lowered to $117 from $122 at Citi
- Thor Industries price target raised to $102 from $78 at DA Davidson
- Thor Industries price target raised to $115 from $105 at BMO Capital
- Thor Industries price target raised to $122 from $112 at Citi