Pursuit Attractions initiated with a Buy at Lucid Capital

Lucid Capital analyst Alex Fuhrman initiated coverage of Pursuit Attractions (PRSU) with a Buy rating and $45 price target The firm views Pursuit as a pure-play tourism company with “world-class, one-of-a-kind assets” in places with strong demand and barriers to entry. The company’s Canadian Rockies assets enjoy “substantial” market share and are poised for years of significant earnings growth, the analyst tells investors in a research note.