LCI Industries price target lowered to $114 from $135 at Truist
Truist lowered the firm's price target on LCI Industries to $114 from $135 and keeps a Hold rating on the shares as part of a broader research note on Recreational Vehicles. The firm notes that following its assumed May revisions, the overall North American industry Retail RV sales were down high-single digits following April decline of 12.7%, but the RV wholesale unit shipment production declines have continued to accelerate sequentially, the analyst tells investors in a research note. Truist is also adjusting its estimates partly on weaker-than-expected RV trends year-to-date and the initial stock impact from the latest merger news between LCI and Patrick, the firm added.
Truist lowered the firm's price target on LCI Industries to $114 from $135 and keeps a Hold rating on the shares as part of a broader research note on Recreational Vehicles.
The firm notes that following its assumed May revisions, the overall North American industry Retail RV sales were down high-single digits following April decline of 12.7%, but the RV wholesale unit shipment production declines have continued to accelerate sequentially, the analyst tells investors in a research note.
Truist is also adjusting its estimates partly on weaker-than-expected RV trends year-to-date and the initial stock impact from the latest merger news between LCI and Patrick, the firm added.