BMO Capital analyst Tristan Thomas-Martin keeps an Outperform rating and $115 price target on Thor Industries after its Q4 earnings beat but worse than expected FY24 guidance. The company is taking the right steps by addressing affordability concerns and rebalancing inventory levels to capture the next industry upswing, the analyst tells investors in a research note. BMO also sees Thor Industries being well positioned with its new initiatives that include EV, automation, and component development.
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Read More on THO:
- Thor falls after quarterly results and guidance amid mixed economic enviroment
- Thor says FY24 North America operations plan reflects forecasted industry range
- Thor Industries sees FY24 EPS $6.25 -$7.25, consensus $7.12
- THOR Industries Announces Fourth Quarter and Fiscal 2023 Results
- Thor Industries reports Q4 EPS $1.68, consensus 96c