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.
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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