Thor Industries upgraded to Market Perform from Underperform at Raymond James

Raymond James upgraded Thor Industries (THO) to Market Perform from Underperform without a price target The firm says a recent meeting with management solidified its belief that the company’s current outlook is “adequately conservative.” Thor has several potential growth drivers that may not be fully reflected in its guidance or Street expectations, the analyst tells investors in a research note. Raymond James finds the stocks’ valuation “reasonable though not overly compelling at this stage in the cycle.”