Bank of America has upgraded Thor Industries to 'buy', with a price target of $125, indicating potential 25% growth despite anticipated earnings declines. Analyst Alex Perry suggests that the company will demonstrate stronger sales dynamics this year and next, particularly with increased shipments and improved market positioning, especially in the towable sector. While other analysts predict fiscal 2025 earnings to decline, Perry believes these estimates are overly cautious and expects the company’s performance to surpass expectations going forward.
Bank of America upgraded Thor Industries to 'buy', setting a $125 price target, which implies a 25% growth potential, despite expected earnings decline.
Analysts project Thor Industries to face a significant earnings decline, but Bank of America points to higher shipments and market share potential.
Thor Industries' sales strength is particularly evident in its towable manufacturing lines, where the company has successfully hit sharper price points.
While most analysts predict a fiscal 2025 earnings slump, Bank of America predicts more growth potential, arguing that earnings could surpass the consensus.
Collection
[
|
...
]