Camping World Earns an Upgrade at DA Davidson, Shares Surge 5%
<p><a href='https://financialmodelingprep.com/financial-summary/CWH'>Camping World Holdings (NYSE:CWH)</a> received an upgrade from Neutral to Buy by DA Davidson, which set a price target of $36.00 (previously $25.00). Shares gained more than 5% intra-day today.</p>
<p>The analysts explained their decision, stating that the company has expressed its ongoing commitment to being a growth-oriented company while adopting a more disciplined approach to SG&A (Selling, General, and Administrative) and CapEx (Capital Expenditures). This strategy allows them to aggressively pursue value-enhancing RV acquisitions. With the RV industry returning to a state of normalcy in the past 6-12 months, the company has expedited its acquisition efforts, which the analysts believe to be successful.</p>
<p>Feedback from smaller dealers indicates that competing with larger dealership chains on pricing for new/used RVs and used inventory procurement has become increasingly challenging. </p>
<p>The analysts also believe that the company's proactive acquisition strategy will augment its scale and bargaining power with original equipment manufacturers (OEMs) in the future, as these acquisitions contribute to a greater share of the overall RV industry retail market.</p>

NYSE:CWH