11:05 AM EST, 03/03/2025 (MT Newswires) -- Thor Industries ( THO ) is likely to recapture some market share, including at its largest customer Camping World ( CWH ) , BofA Securities said in a Monday note.

In addition to Camping World ( CWH ), BofA says it also sees "potential share gains with other large customers," as Chief Executive Bob Martin refocuses on North America.

BofA said it's also seeing "signs of green shoots" in the recreational vehicle industry, "including lean channel inventory levels, a recent lift in the value of used units, and strong recent shipment data."

The investment firm upgraded Thor's rating to buy from neutral and raised its price target to $125 from $110.

Thor shares were rising 3.9% in recent trading.

Price: 103.27, Change: +3.88, Percent Change: +3.90