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THO

Thor Industries

$103.56

1.86 (1.83%)

13:53
08/11/17
08/11
13:53
08/11/17
13:53

Thor Industries initiated with a Buy at Sidoti

Sidoti analyst Stephen O'Hara started Thor Industries with a Buy rating and $133 price target, contending that the consensus estimate of its earnings potential is too conservative.

THO Thor Industries
$103.56

1.86 (1.83%)

07/06/17
STFL
07/06/17
INITIATION
Target $110
STFL
Hold
Thor Industries initiated with a Hold at Stifel
Stifel analyst Michael Baudendistel initiated Thor Industries with a Hold and a $110 price target given his belief 2019 earnings will be at or near peak levels and there are no clear catalysts to push shares higher.
04/20/17
RHCO
04/20/17
NO CHANGE
RHCO
Concerns about Thor Industries overdone, says SunTrust
SunTrust analyst Michael Swartz notes that Thor's stock has fallen about 20% since March. The analyst blames the decline on "softness" in its sector and on several concerns about the company. He says there is concern that "the industry has peaked," but he expects the sector to grow at a 4%-8% CAGR over the next four years. Swartz adds that concerns about its inventory growth are misplaced because the growth reflects the impact of positive trends, while the Q2 gross margin mix was caused by " product mix and labor inefficiencies" He agrees that the company could have difficulty growing its backlog, but he does not think this reflects a coming slowdown in its revenue growth. Swartz says that "many" of these concerns could be eliminated within six months, and he keeps a $125 price target and Buy rating on the stock.
02/08/17
02/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Buy from Neutral at BTIG with analyst Rich Greenfield citing his belief that Twitter's daily active user growth is accelerating, particularly in the U.S., following the presidential election. 2. UPS (UPS) upgraded to Buy from Hold at Aegis with analyst Jeffrey Kauffman citing valuation. 3. Emerson (EMR) upgraded to Neutral from Sell at UBS with analyst Shannon O'Callaghan citing better order trends and margin execution following the company's December quarter results. The analyst raised his price target for the shares to $64 from $51. 4. FMC Corporation (FMC) upgraded to Buy from Neutral at Longbow with analyst Dmitry Silversteyn saying that the company's Latin American agricultural operations appear to have stabilized, and as a result he thinks that its second half 2017 results will be strong. 5. Thor Industries (THO) upgraded to Outperform from Neutral at Baird with analyst Craig Kennison saying he sees Thor as a market leader and channel checks show dealers are optimistic and willing to restock inventory. He sees long-term upside to margins and likes the chance tax reform will boost consumer demand and corporate profits. Kennison raised his price target to $120 from $105 on Thor shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/17
BARD
02/08/17
UPGRADE
Target $120
BARD
Outperform
Thor Industries upgraded to Outperform at Baird
As reported previously, Baird analyst Craig Kennison upgraded Thor Industries to Outperform from Neutral. The analyst sees Thor as a market leader and channel checks show dealers are optimistic and willing to restock inventory. He sees long-term upside to margins and likes the chance tax reform will boost consumer demand and corporate profits. Kennison raised his price target to $120 from $105 on Thor shares.

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