As reported earlier, Argus analyst Jim Kelleher upgraded Thor Industries to Buy from Hold with a price target of $143. Kelleher says the company is a leader in the RV industry thanks to its product range as well as strength in the motorized and towable categories, attracting younger customers who are looking for less expensive models. The analyst further states that the company is growing its earnings through economies of scale, with more profitabililty tailwinds also coming from lower unemployment, rising asset values, and "niche acquisitions". Kelleher sees the current valuation on the stock as attractive, trading at a 2-year forward PE of 12.3-times, which is below the five-year historical range of 13.6-20.4 times.