Lindblad Expeditions initiated with a Buy at Texas Capital

Texas Capital analyst Eric Wold initiated coverage of Lindblad Expeditions (LIND) with a Buy rating and $16 price target Travelers are increasingly gravitating toward adventure tourism in the post-pandemic environment, says the analyst, who believes Lindblad Expeditions is well positioned to benefit from a recently expanded ship fleet, multiple acquisitions of land experience tour operators, and an enhanced Disney/National Geographic relationship. The firm expects meaningful cash flow generation in the years ahead to provide organic and inorganic growth opportunities, the analyst added.