KeyBanc Reiterates Overweight Rating on Camping World Holdings (CWH)

KeyBanc analyst Noah Zatzkin reiterated an Overweight rating and $27.00 price target on Camping World Holdings (NYSE: CWH).

The analyst commented, "We recently hosted a management meeting with CWH CEO Marcus Lemonis, President Matt Wagner, and SVP Corp Dev/IR Brett Andress. We came away from the meeting incrementally positive on CWH's MT/LT opportunity (both organic + M&A). Mgmt noted its recent follow-on offering enables the Company to pursue growth opportunities while prudently managing leverage. We think CWH’s shift back into the used market and ample dealer acquisition opportunities should have a significant positive impact on the model in FY25, and our estimates point to meaningful y/y growth (a relative outlier among our leisure vehicle coverage). Within RVs, we continue to view CWH as well-positioned given its unique idiosyncratic elements (M&A, Good Sam profitability/resiliency, etc.). We reiterate OW and our $27 PT."

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 $23.76 yesterday.

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