Camping World upgraded to Buy at DA Davidson after RV industry checks

As previously reported, DA Davidson analyst Brandon Rolle upgraded Camping World (CWH) to Buy from Neutral with a price target of $36, up from $25. The firm is taking a more favorable view on RV retailers following its most recent RV industry checks, stating that it believes both Camping World and Lazydays (LAZY) are outperforming the broader RV industry on inventory health, profitability and used RV sales. The “larger, more sophisticated” dealership chains’ proactive approach to clearing model year 2022 inventory has left them in a position to take advantage of “attractive” model year 2023 OEM discounts, which should lead to improved new vehicle margins, the analyst tells investors.