Thor Industries price target lowered to $77 from $84 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the firm’s price target on Thor Industries to $77 from $84 and keeps a Neutral rating on the shares. The analyst cites the company’s "large" Q2 earnings miss and FY23 guidance cut that reflects the current retail and macro environment. The firm further noted that there could be potential downside to the updated Thor Industries guidance, as the industry has yet to find a solution to address the affordability issue that is hindering both retail and dealer order demand.