Tristan M. Thomas-Martin, an analyst from BMO Capital, maintained the Buy rating on Thor Industries (THO – Research Report). The associated price target is $105.00.
Tristan M. Thomas-Martin has given his Buy rating due to a combination of factors that suggest potential growth for Thor Industries. Despite a recent earnings miss and a cautious outlook for FY2025, the company’s towable segment showed resilience, outperforming expectations and gaining market share. This segment’s performance is supported by increased shipments of private label units, which, although dilutive to margins, indicate a strategic market share expansion.
Moreover, the analyst acknowledges the broader industry trends favoring Thor Industries, such as the aging population and the growing popularity of RVs among millennials. These demographic shifts, coupled with the surge in first-time RV buyers during the COVID-19 pandemic, are expected to provide long-term benefits. While the company faces challenges in Europe and its motorized segment, the potential for improved consumer confidence could lead to upside in their forecasts, supporting the Buy recommendation.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $100.00 price target.
THO’s price has also changed moderately for the past six months – from $103.890 to $81.400, which is a -21.65% drop .