Truist raised the firm’s price target on Thor Industries (THO) to $112 from $110 but keeps a Hold rating on the shares. The company lost 210bps of retail revenue market share y/y in October following September’s loss of 270bps, and its Keystone brand, which recently underwent a refresh, lost 80bps retail revenue market share y/y in October following September’s gain 10bps, the analyst tells investors in a research note. Truist adds however that it is still too early to see material market share impacts from new launches given product is continuing to be loaded into the channel.
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