Roth Capital lowered the firm’s price target on Camping World (CWH) to $18 from $28 and keeps a Buy rating on the shares after its Q1 results. The firm remains bullish on the company due to the acceleration of New RV share gains, benefit from a well-developed used RV business, and a stable high-margin service offering, though its reduced price target is guarding against a possible reversal while noting yesterday’s poor ADP Employment report and negative Q1 GDP growth, the analyst tells investors in a research note.
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Read More on CWH:
- Monness Crespi lowers Camping World price target to $20, sees buying opportunity
- Camping World price target lowered to $15 from $18 at Baird
- Camping World price target lowered to $27 from $35 at Northcoast
- JPMorgan upgrades Camping World on ‘overreaction’ to Q1 report
- Camping World upgraded to Overweight from Neutral at JPMorgan