BMO Capital Upgrades Camping World Holdings (CWH) to Outperform on Better RV Industry, Valuation

March 11, 2021 5:34 AM EST
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Price: $36.67 +2.00%

Rating Summary:
    5 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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(Updated - March 11, 2021 7:15 AM EST)

BMO Capital analyst Gerrick Johnson upgraded Camping World Holdings (NYSE: CWH) from Market Perform to Outperform with a price target of $50.00 (from $35.00), citing an improved outlook for the RV industry and valuation, among other things.

The analyst comments "We are upgrading the shares of Camping World (CWH) to Outperform from Market Perform. Our upgrade is based on an improved outlook for the RV industry, an inexpensive valuation, and a reacceleration of the strategy to acquire independent dealerships, which should benefit from CWH's scale and portfolio of RV products and services. We also see these high-margin product and service businesses as buffers should the pace of RV unit sales slow."

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 $37.95 yesterday.

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