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Fly News Breaks for December 10, 2019
THO
Dec 10, 2019 | 09:06 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Thor Industries to $62, noting that while the company missed on Q1 earnings and EBITDA, the quarter also saw some positives, including reduced channel inventory and much higher than expected margins. The analyst still keeps his Market Perform rating on the stock as the company's market share continued to compress and given the ongoing declines in retail. Johnson also believes that Thor Industries is "close to fair value".
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