BMO Capital Upgrades Camping World Holdings (CWH) to Outperform, 'Used RVs Set to Profit'

BMO Capital analyst Gerrick Johnson upgraded Camping World Holdings (NYSE: CWH) from Market Perform to Outperform with a price target of $35.00 (from $26.00).

The analyst comments "We are upgrading shares of Camping World Holdings (CWH) to Outperform from Market Perform with a revised target price of $35 from $26. Following our most recent round of channel checks we think lower manufacturer production levels will benefit both CWH's New RV margins as well its Used RV retail given the greater likelihood of lean channel inventory levels during the peak summer selling months. With management keeping estimates at realistic levels, combined with potential upside from greater-than-expected dealership M&A, we think CWH shares are attractive at current levels."

For an analyst ratings summary and ratings history on Camping World Holdings click here. For more ratings news on Camping World Holdings click here.

Shares of Camping World Holdings closed at $26.32 yesterday.

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