Camping World price target lowered to $23 from $36 at DA Davidson

DA Davidson lowered the firm’s price target on Camping World to $23 from $36 and keeps a Buy rating on the shares. Shares have been under pressure over the past month, though the firm continues to view the company’s “aggressive” 2023 model-year inventory clearance strategy favorably, with the belief that Camping World is taking the right near-term steps to position the business for success in FY24 and beyond, the analyst tells investors in a research note.