Truist raised the firm’s price target on Camping World to $28 from $26 and keeps a Buy rating on the shares as part of a broader research note on RVs. The Fall RV Dealer survey suggests that the industry is turning the corner following a tumultuous two years, with the combination of healthier inventory and easing promotion, lower carrying costs, improving margins, and recent retail stability offering comfort that estimates for FY24-FY25 have largely bottomed, the analyst tells investors in a research note. The next leg higher for RV stocks hinges on a sustainable retail inflection, but the space appears to be as investable as at any time over the past two years, the firm adds.
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