Thor Industries Reports 1Q11 EPS

Citi has released its research report on Thor Industries 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.