KeyBanc last night upgraded Thor Industries (THO) to Sector Weight from Underweight without a price target after meeting with management. The company highlighted a number of potential growth drivers next year, including savings from the Heartland realignment, margin opportunities via lower-cost-country production in Europe, and a new parts business that will be unveiled at Open House, the analyst tells investors in a research note. The firm believes investors are increasingly willing to look past Thor ‘s “heavier” valuation amid improved consumer sentiment.
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