Thor Industries price target raised to $86 from $78 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Thor Industries (THO) to $86 from $78 and keeps a Hold rating on the shares after its earnings beat. The company reported a “solid” Q3 print, and its reiteration of FY25 guidance was a factor of prudence rather than a signal of underlying market/share deterioration, the analyst tells investors in a research note. Truist adds however that while shares are not necessarily expensive, it prefers to have greater comfort that Thor can improve margins and profitability while stemming recent market share losses before taking a more constructive view.