SunTrust Robinson Humphrey Upgrades Thermon Group Holdings (THR) to Buy

November 1, 2018 6:11 AM EDT
Get Alerts THR Hot Sheet
Price: $17.51 +1.80%

Rating Summary:
    7 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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SunTrust Robinson Humphrey analyst Charles Brady upgraded Thermon Group Holdings (NYSE: THR) from Hold to Buy with a price target of $28.00 (from $26.00).

The analyst is incrementally more positive citing a belief that weak gross margins were likely "flushed out" in Q2. He believes the company is positioned now to achieve FY 2019 growth targets noting that end market are robust.

For an analyst ratings summary and ratings history on Thermon Group Holdings click here. For more ratings news on Thermon Group Holdings click here.

Shares of Thermon Group Holdings closed at $21.58 yesterday.

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