Camping World price target lowered to $26 from $30 at BMO Capital

BMO Capital lowered the firm’s price target on Camping World to $26 from $30 and keeps a Market Perform rating on the shares. The company’s Q4 results missed expectations, but the company was "unexpectedly constructive" about how the industry is managing through overproduction in 2022 and the resulting excess channel inventory, the analyst tells investors in a research note. The firm adds however that it maintains a neutral stance as a true level of retail demand is still an unknown post-COVID, and it remains cautious about how margins and used pricing holds up in a more normalized environment.