Camping World Foresees Stellar Sales Growth In Used RVs, Earns Upgrade From Analyst
Portfolio Pulse from Lekha Gupta
Camping World Holdings (CWH) has been upgraded to Outperform from Market Perform by BMO Capital Markets analyst Gerrick L. Johnson, with an increased price target of $35 from $26. The analyst expects CWH to benefit from a decline in manufacturer production levels, leading to above-market new RV margin expansions and higher-than-expected same-store sales growth in used RVs.
May 24, 2023 | 6:05 pm
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Camping World upgraded to Outperform by BMO Capital Markets analyst, with a price target of $35. Decline in manufacturer production levels expected to boost sales growth in used RVs.
The upgrade by BMO Capital Markets analyst Gerrick L. Johnson is based on the expectation that a decline in manufacturer production levels will lead to above-market new RV margin expansions and higher-than-expected same-store sales growth in used RVs for Camping World. This positive outlook is likely to have a short-term positive impact on CWH's stock price.
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