Craig-Hallum analyst Greg Palm initiated Cavco Industries (CVCO) with a Hold rating and $220 price target. In a research note to investors, Palm said growth drivers are in place to accelerate industry demand and he believes improved financing, easing regulations and demographic tailwinds can help produce a high single digit organic grower with much faster bottom line growth for the foreseeable future. If industry shipments return to previous levels, Palm sees $25 per share in earnings power. In the near-term, Palm said he is steering investors towards Buy-rated Skyline (SKY).