Citi has released its research report on Thor Industries THO following THO's reported 1Q11 EPS.
Citi writes, "AEP will freeze rates in 2011 at
Columbus Southern Power (CSP), invest $45M in solar and distribution in OH, forego $18M of environmental recovery in 2011, and credit to ratepayers at least the first $30M of any gain on the sale of certain coal reserves. The release notes that AEP was allowed to increase rates at CSP by up to $114M in 2011."
Citi maintains its Buy rating and decreases its price target from $40 to $36.
THO is trading at $30.18.
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Posted In: Analyst ColorAnalyst RatingsAutomobile ManufacturersCitiConsumer DiscretionaryThor Industries
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