Citigroup’s Top Picks! (THO, FORM)

Citigroup C is out with their Top Picks Live! update this morning. The Top Picks Live! newsletter gives investor the company’s highest conviction trade ideas as fast as they are written. Today Citigroup is focusing on Thor Industries THOR and FormFactor FORM. Thor Industries is engaged in manufacturing and selling a range of recreation vehicles, and small and mid-size buses in the United States and Canada. Citi analyst, Greg Badishkanian, removed the stock from their high conviction list this morning citing retail sales for towables and motorhomes being down 13% and 14%, respectively. He added that, even though channel checks suggest improvement in April, recent volatility in the stock market as well in weather patterns may have stagnated buying patterns from May to date. THO is still rated a “Buy.” FormFactor designs, develops, manufactures, sells and supports precision semiconductor wafer probe cards. Citigroup removed this stock fro,their Top Picks Live! newsletter today as well. Though their was no specifc catalyst, it was removed anyway given the mangemetn policy to remove stocks from TPL once they have decrease +30% since their inception. Not such a “Top Pick” if you ask me. Citi still has a “Buy” rating on the stock.
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Posted In: Analyst ColorDowngradesPrice TargetPre-Market OutlookAnalyst RatingsCitigroupFinancialsHealth CareHealth Care EquipmentInformation TechnologyOther Diversified Financial ServicesSemiconductor Equipment
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