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Citi, SmartTrend Update Stances on RV Stocks
Posted By RVBusiness On May 21, 2010 @ 10:20 am In Breaking News | No Comments
Wall Street analysts are taking another look at RV stocks as investments.
Citi today (May 21) said it maintains a “Buy” on Thor Industries Inc., but removed it from its Top Picks Live list.
A Citi analyst said, “We continue to rate the stock a Buy with decent stock upside over the next 12 months given decent underlying demand. However, given THO shares are trading near its 2-year high, shares may be pressured in the near-term by a volatile stock market and inclement weather, which may unfavorably impact retail sales and slow down the company’s momentum. Thus we are removing THO from our Top Picks Live! list.”
To see all the upgrades/downgrades on shares of Thor, click here.
Meanwhile, SmartTrend had this to say about some RV stocks:
Below are the top five companies in the Automobile Manufacturers industry as measured by lowest relative performance. Some analysts believe that stocks with lower relative performance are a better bargain.
Winnebago Industries Inc. ranks first with a loss of 13.51%; Thor Industries Inc. ranks second with a loss of 7.76%; and Ford Motor ranks third with a loss of 6.49%.
Daimler follows with a loss of 6.38% and Honda Motor rounds out the top five with a loss of 4.23%.
SmarTrend is bearish on shares of Winnebago and our subscribers were alerted to Sell on May 06, 2010 at $14.34. The stock has fallen 13.4% since the alert was issued.
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