Camping World initiated with a Buy at Loop Capital

Loop Capital analyst Brandon Rolle initiated coverage of Camping World (CWH) with a Buy rating and $17 price target as part of a broader research note on RV sector. The North American RV industry is in the late innings of a prolonged inventory restocking period, though retail demand remains challenged with demand skewed towards more affordable, entry-level products, the analyst tells investors in a research note. Loop adds that the company has delivered continued market share gains driven by a strong presence in the used RV market, which allows Camping World to capitalize on their end consumer’s increased focus on affordability.