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THO

Thor Industries

$61.52

1.175 (1.95%)

, WGO

Winnebago

$30.35

0.27 (0.90%)

09:00
03/22/19
03/22
09:00
03/22/19
09:00

SunTrust sees 'sluggish start' to 2019 in RV industry

SunTrust analyst Michael Swartz writes that his Spring RV dealer survey indicates a sluggish start to the industry in 2019. The analyst also believes that retail catalysts remain "unlikely" before April and inventory rebalancing appears to have a "longer tail" than he anticipated, even though dealer sentiment is not suggesting a "material" erosion of confidence. Swartz maintains a Buy rating on Thor Industries (THO) and Winnebago (WGO) with respective $85 and $40 price targets but prefers the latter in "sluggish end market" conditions.

THO

Thor Industries

$61.52

1.175 (1.95%)

WGO

Winnebago

$30.35

0.27 (0.90%)

  • 25

    Mar

THO Thor Industries
$61.52

1.175 (1.95%)

12/18/18
NRCS
12/18/18
NO CHANGE
NRCS
Towables, Manufactured Housing seeing steep declines, says Northcoast
Northcoast analyst Seth Woolf's RV dealer survey indicates a deterioration of virtually every metric he tracks, and revealed a meaningfully more cautious view of inventory levels, and suggests the promotional environment intensified. Woolf said the November towable sell-out index came in at 46.3 versus 54.7 in October, while the Manufactured Home index declined to 39.1 versus 47.1 in the prior survey. The analyst is growing less confident Buy rated Camping World (CWH) will be able to achieve its guidance and said anyone with a "floorplan and a pulse can get Thor Industries' (THO) best price.
02/04/19
BMOC
02/04/19
DOWNGRADE
BMOC
Market Perform
Thor Industries downgraded to Market Perform from Outperform at BMO Capital
02/04/19
02/04/19
DOWNGRADE
Target $62

Market Perform
Thor Industries cut to Market Perform at BMO Capital after Erwin Hymer deal
As previously reported, BMO Capital analyst Gerrick Johnson downgraded Thor Industries to Market Perform from Outperform and lowered his price target to $62 from $78. The analyst cites the few details provided in its Erwin Hymer acquisition, which closed on Friday, around its financial performance or forecasts, particularly given the reports of "accounting irregularities" that surfaced in its North America division. The analyst adds that he is concerned about the RV industry book coming to an end after further expected growth in 2019, pointing to the $2.6B in debt that Thor Industries will incur from the transaction.
02/12/19
RHCO
02/12/19
NO CHANGE
Target $85
RHCO
Buy
Thor Industries price target raised to $85 from $75 at SunTrust
SunTrust analyst Michael Swartz raised his price target on Thor Industries to $85 and kept his Buy rating, saying the set-up on the stock is "intriguing" in spite of the potential risk to its Q2 earnings relative to consensus. The analyst points to a "more supportive industry commentary and a potential bottoming of estimates", which could lead do a "critical turning point" in sentiment for the company and the RV industry. Swartz is also raising his FY19 EPS view to $7.05 from $6.75 and FY20 to $8.10 from $7.25 to reflect Thor Industries' closing of the Erwin Hymer deal.
WGO Winnebago
$30.35

0.27 (0.90%)

10/18/18
BARD
10/18/18
NO CHANGE
Target $50
BARD
Outperform
Winnebago price target lowered to $50 from $60 at Baird
Baird analyst Craig Kennison lowered his price target on Winnebago to $50 from $60 following its Q3 report. The analyst noted the industry remains on track for a record year, but he believes the market is discounting a decline-and-destock scenario, which he views as plausible. He believes investors should be patient and they will be rewarded. Kennison reiterated his Outperform rating on Winnebago shares.
12/20/18
RHCO
12/20/18
NO CHANGE
Target $34
RHCO
Buy
Winnebago price target lowered to $34 from $42 at SunTrust
SunTrust analyst Michael Swartz lowered his price target on Winnebago to $34 after its Q1 results yesterday, saying that while earnings and revenue topped expectations, the metrics for the RV industry could remain "choppy" in the near term. The analyst also keeps his Buy rating on the shares longer term and expects the company to grow in FY19 in spite of the softer RV retail backdrop. Swartz states that the post-earnings rally in the stock price yesterday was a function of the low expectations for the quarter, but adds that his positive view of the company was "strengthened" based on the ongoing towable share gains and improving profitability in the motorized segment.
02/04/19
BMOC
02/04/19
NO CHANGE
Target $42
BMOC
Outperform
Winnebago price target lowered to $42 from $51 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Winnebago to $42, citing his recent RV industry channel checks and feedback from early season retail shows suggesting that demand is "positive, though tempered". The analyst sees 2019 conditions "on par" with 2018, which is also a "downshift from "moderate growth." Johnson adds that the inventories in the industry are "a bit too high" and may linger for longer than initially estimated. The analyst keeps his Outperform rating on Winnebago.

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FANG

Diamondback Energy

$98.23

-2.14 (-2.13%)

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  • 02

    Oct

AYI

Acuity Brands

$134.10

-1.04 (-0.77%)

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Eaton

$84.98

-1.11 (-1.29%)

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AYI

Acuity Brands

$134.10

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NGVT

Ingevity

$87.30

-0.62 (-0.71%)

, GM

General Motors

$38.18

-0.1 (-0.26%)

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$87.30

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  • 19

    Sep

08:40
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U.S. initial jobless claims edged up 2k to 208k in the week ended September 14 »

U.S. initial jobless…

VEND

Generation NEXT Franchise Brands

$0.00

(0.00%)

08:39
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Generation NEXT to launch Reis & Irvy loyalty program, app during 2H20 »

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TRCO

Tribune Media

$46.66

(0.00%)

08:37
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Breaking Hot Stocks news story on Tribune Media »

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DRI

Darden

$127.40

1.31 (1.04%)

08:37
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08:37
Hot Stocks
Darden sees low single digit inflation for beef, produce, chicken in Q2 »

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  • 19

    Sep

08:36
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Conference/Events
SEC to hold a closed commission meeting »

Closed Commission Meeting…

VEND

Generation NEXT Franchise Brands

$0.00

(0.00%)

08:36
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Earnings
Generation NEXT Franchise Brands sees FY20 revenue $30M-$40M »

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TSLA

Tesla

$243.43

-1.36 (-0.56%)

, AUDVF

Audi AG

$0.00

(0.00%)

08:36
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Tesla earns first-ever safety award from IIHS for Model 3 »

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TSLA

Tesla

$243.43

-1.36 (-0.56%)

AUDVF

Audi AG

$0.00

(0.00%)

HYMTF

Hyundai Motor

$0.00

(0.00%)

GM

General Motors

$38.18

-0.1 (-0.26%)

03/08/13
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  • 19

    Sep

  • 23

    Sep

08:35
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09/19
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08:35
Conference/Events
Board of Governors of the Federal Reserve System to hold a meeting »

The Board of Governors of…

LGND

Ligand

$99.25

0.29 (0.29%)

08:35
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08:35
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Upgrade
Ligand rating change  »

Ligand upgraded to…

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  • 20

    Sep

  • 02

    Oct

  • 13

    Nov

08:34
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Conference/Events
SEC to hold a committee meeting »

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GOOGL

Alphabet Class A

$1,232.96

3.59 (0.29%)

, GOOG

Alphabet

$1,232.63

3.02 (0.25%)

08:34
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Recommendations
Alphabet Class A, Alphabet, Rubicon Project, Telaria, Trade Desk analyst commentary  »

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GOOGL

Alphabet Class A

$1,232.96

3.59 (0.29%)

GOOG

Alphabet

$1,232.63

3.02 (0.25%)

RUBI

Rubicon Project

$9.47

0.06 (0.64%)

TLRA

Telaria

$8.11

-0.12 (-1.46%)

TTD

Trade Desk

$207.99

-5.02 (-2.36%)

03/08/13
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  • 19

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  • 30

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  • 27

    Oct

  • 07

    Nov

  • 12

    Nov

08:33
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General news
Current Account data reported »

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General news
Jobless Claims data reported »

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General news
Philadelphia Fed Business Outlook Survey General Conditions Index data reported »

September Philadelphia…

BYND

Beyond Meat

$153.73

-6.64 (-4.14%)

08:33
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08:33
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08:33
Initiation
Barclays sees big potential for Beyond Meat, starts with $185 price target »

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  • 12

    Nov

LITE

Lumentum

$58.51

-0.33 (-0.56%)

08:33
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Conference/Events
RBC Capital to hold a discussion »

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  • 19

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MANH

Manhattan Associates

$81.83

-0.36 (-0.44%)

08:33
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Manhattan Associates opens new India facility »

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HEAR

Turtle Beach

$10.54

-0.4 (-3.66%)

08:33
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Turtle Beach partners with Tidal in subscription offer with headset purchase »

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08:33
09/19/19
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08:33
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08:33
Conference/Events
Wolfe Research to hold a seminar »

Seminar on Incorporating…

08:32
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08:32
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08:32
Conference/Events
JPMorgan to hold a tour »

Japan Pharma Tour 2019…

GSL

Global Ship Lease

$6.95

(0.00%)

08:31
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Hot Stocks
Global Ship Lease announces five-year $268M credit facility »

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