Truist raised the firm’s price target on Thor Industries to $86 from $84 but keeps a Hold rating on the shares. The company’s Q4 results were “solid” largely due to its international business, though its commentary suggests a “more tempered” production and revenue rebound, the analyst tells investors in a research note. Thor’s initial FY24 guidance appears achievable, while the stock’s risk/reward looks balanced at present levels, the firm added.
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