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Monness Crespi lowers Camping World price target to $20, sees buying opportunity

Monness Crespi lowered the firm’s price target on Camping World (CWH) to $20 from $30 and keeps a Buy rating on the shares, but adds that yesterday’s selloff in shares represents a buying opportunity as the firm contends that “business trends remain strong despite difficult macro.” After Camping World reported a 12% EBITDA beat on a 1% sales miss in Q1, the firm lowered its 2025 EBITDA estimate to $320M from $334M to reflect the more uncertain macro environment.

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