Truist analyst Michael Swartz lowered the firm’s price target on LCI Industries to $125 from $130 and keeps a Buy rating on the shares. The company reported a “challenged” Q3 print and cut its FY23 guidance, but while content/share questions are likely to persist in the near-term, the combination of volume recovery, a lessening price/cost headwind, easier compares and benefits from new business wins should ultimately yield enhanced earnings visibility, the analyst tells investors in a research note.
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