Citi raised the firm’s price target on Camping World (CWH) to $23 from $21 and keeps a Buy rating on the shares. The firm views the “Big Beautiful Bill” interest deduction provision as a potential catalyst for the recreational vehicle industry. The interest deductibility proposed in the Big Beautiful Bill should be viewed by investors as the “potential gamechanger that it is, particularly for the beleaguered RV industry, which would be uniquely positioned to take advantage of such legislation,” the analyst tells investors in a research note. Citi says leisure vehicle companies “have suffered from a great many headwinds this year” that have “conspired to significantly reduce affordability.”
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Read More on CWH:
- Camping World price target raised to $20 from $16 at Truist
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- Camping World Holdings Approves Key Amendments at Annual Meeting
- Camping World price target raised to $21 from $16 at Citi
- JPMorgan: ‘Sharp Profit Pivot’ for Camping World Stock (NYSE:CWH), 70% Rally Possible