Thor Industries Reports 1Q11 EPS

Citi has released its research report on Thor Industries (NYSE: THO) following THO's reported 1Q11 EPS.

Citi writes, "AEP will freeze rates in 2011 at
Columbus Southern Power (CSP), invest $45M in solar and distribution in OH, forego $18M of environmental recovery in 2011, and credit to ratepayers at least the first $30M of any gain on the sale of certain coal reserves. The release notes that AEP was allowed to increase rates at CSP by up to $114M in 2011."

Citi maintains its Buy rating and decreases its price target from $40 to $36.

THO is trading at $30.18.