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THO

Thor Industries

$61.72

1.375 (2.28%)

09:17
12/10/18
12/10
09:17
12/10/18
09:17

Thor Industries price target lowered to $78 from $150 at BMO Capital

BMO Capital analyst Gerrick Johnson lowered his price target on Thor Industries to $78 after its Q1 earnings miss, driven by the unit shipment decline of 27% which the company facilitated in order to clear the build-up of inventory in its retail channel. The analyst keeps his Outperform rating on Thor Industries in the longer term however, stating that while the protracted inventory clearing is disappointing, he sees the demand for outdoor lifestyle experiences remaining "strong" and expects the company to "capitalize on these strong secular trends". Johnson further contends that Thor Industries looks to be "much better situated for the 2019 retail season".

THO Thor Industries
$61.72

1.375 (2.28%)

05/01/18
BMOC
05/01/18
UPGRADE
Target $150
BMOC
Outperform
Thor Industries upgraded to Outperform at BMO Capital on 'overdone pullback'
As reported earlier, BMO Capital analyst Gerrick Johnson upgraded Thor Industries to Outperform from Market Perform with a price target of $150, saying that after a 30% year-to-date decline in the stock price, the pullback is "overdone". The analyst notes that the valuation is now at 8.7-times expected FY19 earnings, which is a discount to the company's historical average of 12-times. Johnson also sees the RV industry as "fundamentally sound" as more baby boomers retire and tap into their 401Ks, while younger demographic is more attracted to the outdoor lifestyle. The analyst further notes that his conversations with dealers indicate a "strong" start to 2018 sales, with consumers benefiting from tax cuts and strong economy.
06/07/18
RHCO
06/07/18
NO CHANGE
Target $125
RHCO
Buy
Thor Industries 'down, but not broken,' says SunTrust, cutting PT to $125
SunTrust analyst Michael Swartz told investors in a research note that Q3 was not a "banner" quarter for Thor Industries, and that while bears have "plenty to hang their hats on," shares are down, but Thor's story is "not broken." Swartz, who maintained a Buy rating but lowered his price target to $125 from $165, believes that upcoming retail data points, easing inventory and, possibly, share repurchases, could serve as near-term catalysts.
08/17/18
NRCS
08/17/18
NO CHANGE
NRCS
Northcoast says channel checks pointing to weakening RV demand
Northcoast analyst Seth Woolf said he has become incrementally more cautious on the Recreation & Leisure Products group as his channel checks are pointing to weakening retail demand. While he believes "the buy-side is clearly expecting to see weak wholesale numbers in the coming months," Woolf also contends that the magnitude of declines could be a surprise. He maintains a Buy rating on Camping World (CWH) and Neutral ratings on LCI Industries (LCII), Thor Industries (THO) and Winnebago (WGO).
09/21/18
BMOC
09/21/18
NO CHANGE
Target $150
BMOC
Outperform
BMO Capital would add to Thor Industries on weakness
BMO Capital analyst Gerrick Johnson kept his Outperform rating and $150 price target on Thor Industries, saying that while its Q4 earnings missed consensus, they were in line with expectations. The analyst also notes that although the company's dealer inventory growth decelerated to 26% and a backlog declined 40% - supportive of the bear case thesis in the near term - the long-term story on the stock and its 13-times forward earnings multiple valuation remain compelling. Johnson believes that investors should add to positions on any post-earnings weakness.

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UBER

Uber

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WMT

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REED

Reed's

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0.0221 (3.17%)

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TIXC

Tix Corp

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NTAP

NetApp

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ENPH

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IMMP

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CTSO

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CCMP

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RMBL

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LINC

Lincoln Educational

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AMPY

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