12:00 PM EDT, 06/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $5 to $95, based on 19x our FY 26 (Jul.) EPS estimate, a justified early-cycle premium to THO's mean 5-year forward P/E of 15.1x. We raise our FY 25 EPS estimate to $3.80 from $3.50 but lower FY 26 to $5.00 from $5.40. THO posted Apr-Q EPS of $2.53 vs. $2.13 (+19%), well above the $1.80 consensus. The beat was driven by stronger-than-expected sales and margins, as net sales rose 3.3% to $2.89B ($280M ahead of consensus) and gross margin expanded 20 bps to 15.3% (40 bps ahead of consensus). THO maintained prior FY 25 net sales and EPS guidance of $9.0B-$9.5B and $3.30-$4.00, respectively, implying Jul-Q net sales and EPS of $0.81-$1.51 and $1.94B-$2.44B, respectively, below the respective consensus estimates of $1.73 and $2.46B. We maintain a Hold on valuation and concerns regarding the drop in THO's backlog. That said, we think U.S. RV sales have hit a trough and a lower oil price environment could be a tailwind for an intermediate-term earnings rebound.