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Thor Industries Hammers Expectations With Strong Q1 Beat
Tuesday, November 28, 2017 - 10:29am | 423Read More...Thor Industries, Inc. (NYSE: THO) reported fiscal first quarter results Monday, posting a strong top- and bottom-line beat. The Analyst Baird Equity Research's Craig Kennison maintains an Outperform rating on Thor's stock with a price target boosted from $136 to $160. The...
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BMO Says RV Stocks Aren't The Way To Play Hurricane Harvey
Friday, September 1, 2017 - 12:09pm | 372Read More...There have been plenty of stocks on the move this week in the aftermath of Hurricane Harvey. However, BMO Capital Markets says investors should think twice about buying RV stocks as a Harvey trade. Analysts such as Baird Equity Research’s Craig Kennison, expect major demand for RVs from the...
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How The RV Industry Plays A Role In Helping With Harvey
Thursday, August 31, 2017 - 3:46pm | 321Read More...If you’re long in insurance or bullish on oil, Hurricane Harvey isn’t your friend. But the deadly and destructive force may prove surprisingly life-giving to certain industries. One beneficiary? Motorhomes. “The RV industry likely will be called upon to provide temporary housing...
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Still Time To Take A Look At Thor Industries Ahead Of A Strong RV Season
Wednesday, February 8, 2017 - 2:55pm | 308Read More...Baird upgraded recreational vehicle maker Thor Industries, Inc. (NYSE: THO) to Outperform on strong retail momentum, potential for margin upside and benefits from tax reform. Thor is the RV market leader with 49 percent of the towable market and 36 percent of the motor home market. Baird’s...
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Baird Says Brunswick Gets Unique Product Dimension From Thunder Jet Buy
Wednesday, July 6, 2016 - 1:38pm | 200Read More...Baird said Brunswick Corporation (NYSE: BC)'s acquisition of Thunder Jet adds a unique product dimension to the boat portfolio. Brunswick has acquired Thunder Jet, which designs and builds heavy-gauge aluminum (HGA) boats for undisclosed terms. Thunder Jet generated revenue of $20 million...
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LKQ Corporation May See Its Profits Reduced Due To Brexit
Monday, June 27, 2016 - 3:33pm | 201Read More...The currency headwinds from Brexit could lower the profits of LKQ Corporation (NASDAQ: LKQ) by 2-3 percent annually, according to a note from Baird. LKQ, a distributor of vehicle aftermarket parts, generates about 15 percent of pro forma revenue in the UK and approximately 33 percent in Europe...
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Retail Stats Show Hope For Boats
Thursday, June 23, 2016 - 10:10am | 270Read More...Baird said data from Statistical Surveys show that U.S. powerboat retail increased 3 percent in May, a key month accounting for 16 percent of annual sales. The data assumes significance for Brunswick Corporation (NYSE: BC), a maker of marine engines and boats, and MCBC Holdings Inc (NASDAQ: MCFT...
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Baird Lowers Earnings Forecast For CarMax, Seeing Slower Growth
Wednesday, June 22, 2016 - 3:21pm | 168Read More...Baird's Craig Kennison reiterated CarMax, Inc (NYSE: KMX)'s Neutral rating while lowering the price target from $60 to $58. The report came after CarMax reported Q1 EPS at $0.90 vs. $0.92 estimates with sales of $4.13 billion vs. estimates of $4.19 billion. "Big picture, we...
