Thor Industries price target lowered to $120 from $125 at BMO Capital

BMO Capital lowered the firm’s price target on Thor Industries (THO) to $120 from $125 and keeps an Outperform rating on the shares after hosting investor meetings with its COO. The company’s management remains cautious on demand trends, citing macro headwinds, but also noted that the industry is doing a solid job managing channel inventory and production levels, the analyst tells investors in a research note.