DA Davidson analyst Brandon Rolle keeps a Neutral rating and $95 price target on Thor Industries after its Q4 earnings beat and FY25 guidance. The company’s earnings outlook for FY25 EPS of $4-$5 is likely “conservative”, and it should deliver FY25 earnings in the $5-$6 range, the analyst tells investors in a research note. The firm adds however that while Thor’s FY25 guidance does not assume incremental improvement in underlying fundamentals, it is still cautious on the company’s FY26 earnings upside given pricing remaining well above pre-COVID levels.
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