THOR Industries gains after BofA raises to 'buy'

THOR Industries

03/03/2025 15:38

** Shares of recreational vehicle maker THOR Industries THO.N up 3.63% at $103 in morning trade

** BofA Global Research upgrades stock to "buy" from "neutral" and hikes PT to $125 from $110, the highest among 17 brokerages covering the stock

** BofA sees green shoots in the overall RV industry including lean channel inventory levels, and stronger recent shipment data

** Four brokerages rate the stock "buy" or higher, 11 "hold" and two "sell"; median PT is $110 - LSEG

** Stock had risen ~8% YTD

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))