Citi ups Viking Holdings price target, says pullback a buying opportunity

Citi raised the firm’s price target on Viking Holdings (VIK) to $52 from $48 and keeps a Buy rating on the shares. Viking’s Q1 adjusted loss per share of (24c) was better than the consensus and the firm’s estimate, notes the analyst, who says the Q1 beat and positive booking commentary were overshadowed by questions surrounding pricing. However, given a strong booking/pricing outlook and how far out Viking is currently booking, the firm believes there is enough time to make up for any hiccup in demand, which if the May commentary is any indication was “very much short lived,” and it sees the pullback as a buying opportunity, the analyst tells investors.