Stifel initiates coverage on LCI Industries with 'buy' rating

LCI Industries

24/03/2026 14:52

** Stifel initiates coverage on automotive parts supplier LCI Industries LCII.N with "buy" rating; price target at $152

** New PT represents a 25.2% upside to stock's last close

** Shares of the company marginally up in morning trading

** Stifel says LCI has strong and relatively consistent free cash flow profile, despite operating in highly cyclical markets

** Brokerage notes LCI's wide range of products lets customers source more from one place instead of relying on multiple smaller suppliers or intermediaries

** Brokerage says it views LCI's breadth as a competitive advantage simplifying customer supply chains

** Adds LCI has paid a solid and increasing dividend returning almost 50% of adjusted net income to shareholders since 2019; its current dividend of $4.60 annually represents a strong 3.9% yield

** Including session moves, LCI shares up 0.6% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))