UPDATE: Argus Upgrades Thor Industries (THO) to Buy; Pullback Creates Entry Point

March 16, 2018 7:40 AM EDT
Get Alerts THO Hot Sheet
Price: $86.50 +0.46%

Rating Summary:
    4 Buy, 14 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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(Updated - March 16, 2018 7:44 AM EDT)

(updated to add analyst comments)

Argus upgraded Thor Industries Inc. (NYSE: THO) from Hold to Buy with a $143 price target, saying the pullback creates an attractive entry point.

"Thor remains a leader in the RV industry based on its product range and strength in both the towable and motorized categories," analsyt Jim Kelleher commented. "The company is also attracting younger buyers with innovative technology and lower-cost RVs, and growing earnings via economies of scale."

The firm is raising their financial strength rating on Thor to High from Medium-High to reflect the company’s improved financial position. Over the last two quarters, management has lowered long-term debt by 45%, the analyst notes.

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 $120.74 yesterday.

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