Camping World price target raised to $21 from $18 at KeyBanc

KeyBanc raised the firm’s price target on Camping World (CWH) to $21 from $18 and keeps an Overweight rating on the shares after hosting management meetings with Chairman and CEO Marcus Lemonis and SVP Corp Dev/IR Brett Andress. The firm came away from the meeting incrementally positive on Camping World’s mid-to-long-term opportunity. Importantly, Camping World remains confident in its ability to generate $500M-plus of adjusted EBITDA at a 400K industry unit retail level with its current dealership base. Within RVs, KeyBanc continues to view Camping World as well-positioned given its unique idiosyncratic elements.