Citi raised the firm’s price target on Thor Industries to $124 from $119 and keeps a Buy rating on the shares. The company opted to give guidance that was well beneath the Street, but excludes much if not all of the potential benefits of a falling interest rate environment, the analyst tells investors in a research note. The firm believes Thor is potentially positioning itself for upside if and when demand improves.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THO:
- Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz
- Morning Movers: Light & Wonder sinks following injunction for Aristocrat
- Thor Industries Reports Mixed Fiscal 2024 Results
- Options Volatility and Implied Earnings Moves Today, September 24, 2024
- Thor Industries sees FY25 EPS $4.00-$5.00, consensus $6.35