Baird Reiterates Outperform Rating on Thor Industries Inc. (THO)

Baird analyst Craig Kennison reiterated an Outperform rating and $110.00 price target on Thor Industries Inc. (NYSE: THO).

The analyst commented: "THOR reported upside to revenue and EPS (yesterday) but offered cautious F2025 guidance that implies flattish trends. We met with management from Thor and other industry contacts as part of our investor field trip at the RV Open House – so we are coming around to our Thor report today. Big picture, our work suggests that dealers have cut inventory but are not anxious to reorder. Guidance appears to reflect that scenario, with upside potential from lower interest rates and downside risk from weaker labor markets."

For an analyst ratings summary and ratings history on Thor Industries Inc. click here. For more ratings news on Thor Industries Inc. click here.

Shares of Thor Industries Inc. closed at $106.44 yesterday.

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