UPDATE: Wunderlich Securities Initiates Coverage On Thor Industries On Strong Growth In Motorhome Segment

In a report published Friday, Wunderlich Securities analyst Rommel Dionisio initiated coverage on

with a Buy rating and $66.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Thor Industries Inc. (THO) with a Buy rating and $66 price target, derived using an 8.5x EV/2015E EBITDA multiple. As the world's largest producer of RVs, Thor is well positioned to benefit from the cyclical rebound the RV category is currently experiencing. Positive mix shift to faster growing motorhomes (an industry segment where Thor is gaining market share), combined with cost savings from recent restructuring efforts should help drive near-term margin expansion.” Thor Industries closed on Thursday at $50.24.