Camping World Holdings (CWH) PT Lowered at KeyBanc Following 'Softer' Guide

KeyBanc analyst Noah Zatzkin lowered the price target on Camping World Holdings (NYSE: CWH) to $12.00 (from $18.00) while maintaining an Overweight rating.

The analyst commented: "Mixed, Guide Softer than Expected; CWH posted an adjusted EBITDA miss on better revenue. That said, the print and guide were softer than expected, with investors looking for ~in-line adj. EBITDA results in the Q and reiteration of a low-$300M-range adj. EBITDA floor for FY26 vs. $275M-$325M. CWH noted the delta was driven by inventory optimization in anticipation of a post-COVID trade-in cycle and weather (mgmt. noted est. ~1,500 units lost YTD). All in, while the outlook is softer than expected, it does create a lower bar—execution under new mgmt. from here will be critical (it knows). We lower our PT to $12 on lower ests."

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