Roth MKM lowered the firm’s price target on LCI Industries to $100 from $113 and keeps a Neutral rating on the shares. The analyst is citing the company’s negative Q4 earnings pre-announcement, with lower RV and Marine industry production rates and associated losses in sales leverage seen as the cause of the underperformance. RV production is exhibiting a slow restart returning from the holiday shutdowns that is outpacing January 2023 levels however, the firm added.
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- LCI Industries price target lowered to $100 from $110 at Truist
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- Truist downgrades LCI Industries to Hold on RV headwinds
