PVH, Thor Industries Set Up for Strong 2017 Says Hennessy Manager
Investors should use last week's selloff in PVH shares as a buying opportunity and should stick with Thor Industries even after its run-up, said Hennessy portfolio manager Brian Peery.
Shares of (PVH) - Get Report sold off last week after the apparel giant failed to thrill Wall Street analysts with its earnings guidance. Brian Peery, portfolio manager for the Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) - Get Report , say investors should use that selloff as a buying opportunity. Peery is also bullish on Thor Industries (THO) - Get Report , up 84% year-to-date. The recreational vehicle-maker recently reported a strong quarter with sales up roughly 70% from the prior year and earnings up over 50% from the same period.
