Shares of Camping World Holdings Inc (CWH) plummeted 5.12% in pre-market trading on Thursday, as multiple analysts downgraded their price targets for the company. The stock's sharp decline comes in the wake of a series of negative analyst reports, suggesting growing concerns about the company's near-term prospects.

Leading the downgrades, Raymond James cut its price target for Camping World Holdings from $18 to $15, representing the most significant reduction among the analysts. This was closely followed by Keybanc, which lowered its target from $21 to $18. BMO Capital Markets also joined the bearish chorus, reducing its price target from $25 to $22.

These downgrades from major financial institutions have clearly rattled investor confidence, leading to the significant pre-market sell-off. The consensus among analysts appears to be that Camping World Holdings may face challenges in the coming months, potentially due to broader economic concerns or company-specific issues. Investors will likely be closely monitoring the company's upcoming financial reports and management commentary for further insights into the factors driving these analyst downgrades.