Thor Industries: Increased Consumer Spending Leads to Rising Revenue for the MV Manufacturer!
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Business drivers: Thor Industries (THOR) is one of the world's leading manufacturers of camping buses, caravans, and camper vans. With its wide range of so-called Recreational Vehicles, Thor Industries benefits from the trend towards individual holidays. Recently, it was able to achieve solid growth despite the overall cautious consumer demand, particularly performing well in the US market. On August 12, Citigroup raised the price target from $88 to $100 and confirmed the rating as Neutral.
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