Baird raised the firm’s price target on Thor Industries to $115 from $110 and keeps an Outperform rating on the shares. The firm noted they reaffirmed 2024 guidance despite weak consumer demand and cautious dealer orders. Also, RV demand remains soft as credit-sensitive buyers face higher monthly payments caused by cumulative inflation and rising rates.
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Read More on THO:
- Options Volatility and Implied Earnings Moves Today, December 06, 2023
- THOR Industries Announces First Quarter Fiscal 2024 Results
- Thor Industries backs FY24 EPS view $6.25-$7.25, consensus $6.71
- Thor Industries reports Q1 EPS 99c, consensus 97c
- Thor Industries price target raised to $108 from $94 at Citi