BMO Capital Upgrades Thor Industries Inc. (THO) to Outperform Following 20% Selloff

BMO Capital analyst Gerrick Johnson upgraded Thor Industries Inc. (NYSE: THO) from Market Perform to Outperform with a price target of $105.00 (from $98.00).

The analyst comments "We think a recent -20% pullback in share price presents a buying opportunity for the world's leading manufacturer of RVs. Camping and demand for RVs have seen a significant boost from people seeking a way to recreate outside of the home in a socially distant manner. Camping not only provides recreation, but also alternatives to traditional vacation options. We expect these trends to continue for longer than originally anticipated."

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 $94.50 yesterday.

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