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BMO Capital Markets' Gerrick Johnson downgraded
Thor Industries, Inc.THO from Outperform to Market Perform with a revised price target from $72.00 to $67.00. "We feel it is a good time for investors to book profits after a strong rally that has the stock up over 40 percent in the last four months," said the analyst.
Additionally, Johnson was concerned about gross margin performance after "management called capacity constraints as a risk to production and fulfilling orders." These constraints have been seen in the past and they "adversely impact gross margin," stated the analyst.
At the time of writing, Thor Industries was essentially flat in pre-market trading Wednesday.
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorLong IdeasDowngradesPrice TargetAnalyst RatingsTrading IdeasBMO Capital MarketsGerrick Johnson
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