Truist Financial Keeps Their Hold Rating on Thor Industries (THO)

In a report released today, Patrick Scholes from Truist Financial maintained a Hold rating on Thor Industries, with a price target of $110.00. The company’s shares closed yesterday at $104.83.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Scholes is a 4-star analyst with an average return of 8.6% and a 54.35% success rate. Scholes covers the Consumer Cyclical sector, focusing on stocks such as Royal Caribbean, Thor Industries, and Viking Holdings Ltd.

In addition to Truist Financial, Thor Industries also received a Hold from Citi’s James Hardiman in a report issued on October 7. However, on September 30, Bank of America Securities reiterated a Buy rating on Thor Industries (NYSE: THO).

Based on Thor Industries’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.89 billion and a net profit of $135.19 million. In comparison, last year the company earned a revenue of $2.8 billion and had a net profit of $114.51 million