Wunderlich Securities Believes New Models Could Drive Market Share Gains In Towables For Thor Industries

In a report published Wednesday, Wunderlich Securities analyst Rommel Dionisio reiterated a Buy rating and $66.00 price target on

. In the report, Wunderlich Securities noted, “Having met with management and spoken to numerous dealers at the RVIA National Show, the RV industry's largest annual trade event, we came away more confident that Thor's Towables segment is well positioned to gain market share in 2015, driven by an aggressive slate of new model introductions. In Motorhomes, however, where Thor has been gaining market share the past several quarters, a new competitive model was introduced that could potentially slow the strong momentum of Thor's highly successful Axis and Vegas models, introduced last year. Nonetheless, we reiterate our Buy rating and price target of $66, derived using a peer group average EV/2015E EBITDA multiple of 8.8x.” Thor Industries closed on Tuesday at $55.52.