BMO slashes Thor Industries PT on weaker retail demand

THOR Industries

04/03/2026 15:53

** BMO cuts PT on recreational vehicles manufacturer Thor Industries THO.N to $125 from $135, maintains rating at "outperform"

** New PT implies an upside of 38.3% from the stock's last close

** Co on Tuesday reports Q2 profit above Wall Street estimates

** BMO says co's retail demand has been softer-than-xpected early in 2026, though recent weather issues make it hard to gauge the true underlying trend

     ** Brokerage notes THO is upbeat on its reorganization and brand refresh, but weaker dealer ordering is prompting estimate cuts

** Shares down nearly 1% at about $90 in morning trade

** Four of 17 brokerages rate the stock "buy" or higher, twelve "hold" and one "sell"; their median PT is $112- data compiled by LSEG

** Including session's moves, shares down 12.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))