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Thor Industries (THO) Stock Downgraded at BMO

NEW YORK (TheStreet) -- Shares of Thor Industries (THO) closed lower by 0.54% to $68.18 on heavy trading volume on Wednesday, after the Elkhart, IN-based company's stock rating was reduced to "market perform" from "outperform" at BMO Capital Markets.

The firm also lowered its price target to $67 from $72 on the maker of recreational vehicles.

"We are downgrading shares of Thor as we feel it is a good time for investors to book profits after a strong rally that has the stock up over 40% in the last four months," BMO analysts said in an note released before today's market open.

Analysts are also concerned about gross margin...