THO - Thor Industries sets aggressive targets at investor day event

BMO Capital Markets weighed in on Thor Industries ( NYSE: THO ) after taking in the company's Investor Day event held yesterday at its Airstream headquarters in Jackson Center, Ohio.

Analyst Gerrick Johnson noted that Thor Industries ( THO ) presented its five-year FY27 plan, which featured very robust financial targets. In the near term, THO is expected to navigate choppiness in retail and elevating towable dealer inventory levels, resulting in reductions in wholesale shipping.

Looking further down the road, Johnson said the primary rational for the robust long-term outlook from THO appears to be a continuation of pandemic era trends which have brought new users to the RV lifestyle. Growing acceptance of camping by younger generations is also seen as a secular trend.

Following the Thor Industries ( THO ) update, BMO Capital Markets kept an Outperform rating and price target of $95 in place.

Read the latest Seeking Alpha breakdowns on Thor Industries.

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