Citigroup upgrades THOR as RVs' troubles in the rearview mirror [Seeking Alpha]
Thor Industries, Inc. (THO)
Last thor industries, inc. earnings: 3/9 06:30 am
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US:NYSE Investor Relations:
ir.thorindustries.com/home/default.aspx
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Source: Seeking Alpha
Industries ( NYSE: THO ) to Buy from Neutral and hiked its price target by 10% to $122. “THOR is the biggest company in the RV space, and as such, benefits from strong secular trends in the industry,” Citigroup's James Hardiman said in a research note to clients. Hardiman opened a 90-day upside catalyst watch in THOR ( THO ) in anticipation of a positive industry inflection in the April-May timeframe. This could serve as a “green light” for dealers to increase orders, for original equipment manufacturers to gain confidence in their guidance, and for “investors to dip their toe back into the THO story, bolstering valuations.” THOR Industries ( THO ) has been struggling since reporting disappointing fiscal Q2 results and warned that high interest rates would impact consumer spending on RVs and encourage the company to take a “prudent” focus on the company's business for the rest of the year. According, THO lowered 2024 guidance amid “challenging market conditions.” Since reporti
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THO
News
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THO
Earnings
- 3/6/24 - Miss
THO
Sec Filings
- 4/9/24 - Form SC
- 3/26/24 - Form 4
- 3/26/24 - Form 8-K
- THO's page on the SEC website