BofA raised the firm’s price target on Thor Industries (THO) to $120 from $100 and keeps a Buy rating on the shares. Registration data from SSI shows that estimated industry RV retail unit sales in the U.S. increased 2.6% year-over-year in July, notes the analyst, who also points out that SSI was revised upward in June. The firm estimates based on SSI data that Thor unit retail in fiscal Q4 increased about 4.4% and it believes Thor continues to outperform at Camping World (CWH).
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THO:
- Thor Industries price target raised to $115 from $86 at Truist
- Thor Industries: Hold Rating Amid Challenging Market Conditions and Cautious Outlook
- Thor Industries price target raised to $100 from $88 at Citi
- Thor Industries upgraded to Sector Weight from Underweight at KeyBanc
- Thor Industries management to meet with KeyBanc