KeyBanc transitioned coverage of Camping World to who rates the stock with an Overweight rating and $25 price target. It would be foolhardy to call a retail bottom in RVs ahead of selling season as macro turbulence persists, but the company’s idiosyncratic setup offers the path of least resistance to play a recovery, the analyst tells investors in a research note. KeyBanc adds that Camping World’s truncated M&A sabbatical signals confidence and raises normalized earnings potential for 2024 and beyond.
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Published first on TheFly
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