THO

The bull case is that THOR is moving from trough-like channel cleanup toward a more normal second half: Q2 returned to profitability, motorized demand was strong, gross margin held stable year to date, guidance was not cut, and management has now paired operational restructuring with continued capital return. The packet's median analyst target of $106.36 sits well above the $77.20 anchor, suggesting outside models still see cyclical recovery upside, although target-count visibility is unavailable.