Wedbush Upgrades Thor Industries Inc. (THO) to Outperform, RV Market at Inflection Point

October 4, 2012 9:10 AM EDT
Get Alerts THO Hot Sheet
Price: $100.79 --0%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 12
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Wedbush upgraded Thor Industries Inc. (NYSE: THO) from Neutral to Outperform with a price target of $46.00 (from $33.00).

The firm comments "Based on recent conversations with recreational vehicle (RV) dealers during our channel checks as well as at this week's RVDA Expo, we believe the RV market is now at a critical inflection point, with increased confidence likely to drive an acceleration in order patterns over the next several months, particularly in the towables segment (where Thor is the industry leader). Factors cited by dealers as driving such renewed optimism include rising consumer confidence, increased availability of consumer financing alternatives, relatively stable fuel prices, and most recently, a thawing residential real estate market and its resulting wealth effect in the mindset of prospective consumers."

For an analyst ratings summary and ratings history on Thor Industries Inc. click here. For more ratings news on Thor Industries Inc. click here.

Shares of Thor Industries Inc. closed at $35.56 yesterday.

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