Larry Crain
BMO Capital Markets upgraded Camping World Holdings (NYSE:CWH) to an Outperform rating after having the leisure stock set at Market Perform.
Analyst Gerrick Johnson said the firm’s most recent round of channel checks led it to the view that lower manufacturer production levels will benefit both Camping World’s (CWH) new RV margins as well as its used RV retail given the greater likelihood of lean channel inventory levels during the peak summer selling months.
The overall view on Camping World (CWH) is that shares are at an attractive level with management keeping estimates at realistic levels and potential upside from greater-than-expected dealership M&A.
BMO Capital Markets boosted its price target on CWH to $35 from $26, which is above the 52-week high for the stock of $33.99.
Shares of Camping World gained 2.55% in morning action on Wednesday.
