Citi analyst James Hardiman initiated coverage of Camping World with a Buy rating and $32 price target. The firm says Camping World is its top pick in the recreational vehicle space and the best way to play an RV industry recovery, “whenever it arrives.” The company has a long-term macro-independent market share story driven by acquisitions and scale in a fragmented industry, the analyst tells investors in a research note. Citi says the RV industry is showing initial signs of stabilization and recovery that will begin to play out over the course of 2024 and beyond.
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