RV buyers are trading up and this stock is set to benefit, Loop Capital says
CNBC • • business
Key Points:
- Loop Capital upgraded Thor Industries to buy from hold, citing an improving sales mix and increased demand for higher-end RVs that could drive better margins.
- Analyst Brandon Rollé raised the price target to $133 from $103, indicating a potential 23% gain from the recent close, based on insights from the Ohio RV Supershow.
- Rollé observed a positive shift as customers trade up from entry-level units to more expensive models, benefiting Thor’s expanded fifth-wheel lineup and positioning the company to gain market share.
- The improved sales mix and higher-margin shipments are expected to impact Thor's earnings more significantly in fiscal year 2027, as the company plans a cautious production ramp-up to avoid inventory issues.
- Thor
