Thor Industries price target raised to $120 from $100 at BofA

BofA raised the firm’s price target on Thor Industries (THO) to $120 from $100 and keeps a Buy rating on the shares. Registration data from SSI shows that estimated industry RV retail unit sales in the U.S. increased 2.6% year-over-year in July, notes the analyst, who also points out that SSI was revised upward in June. The firm estimates based on SSI data that Thor unit retail in fiscal Q4 increased about 4.4% and it believes Thor continues to outperform at Camping World (CWH).