Lindblad Expeditions initiated with an Outperform at Oppenheimer

Oppenheimer analyst Ian Zaffino initiated coverage of Lindblad Expeditions (LIND) with an Outperform rating and $25 price target As the largest player in the high-end, experiential travel category, Lindblad “represents an interesting investment opportunity,” the analyst tells investors in a research note. The firm says the company’s fleet of vessels and land-based operations “provide a highly-differentiated,” adventure-based experience in the world’s top destinations. It sees the company’s new management improving utilization, driving high-single-digit organic sales growth, and increasing margins.