Camping World price target lowered to $19 from $25 at Jefferies

Jefferies lowered the firm’s price target on Camping World (CWH) to $19 from $25 and keeps a Hold rating on the shares. Following recent channel checks and conversations at the RV Open House last week, the analyst is updating the firm’s industry outlook as it appears significant price and content reductions, slowing inventory turnover, and limited consumer demand are offsetting any expected recovery on easier comparisons. The firm, which sees “a difficult winter for the both OEMs and dealers alike,” is reducing its estimates and is cautious on Camping World’s Q3 and Winnebago’s (WGO) Q4 results, the analyst added.