Oppenheimer analyst Tyler Batory raised the firm’s price target on Pursuit Attractions (PRSU) to $50 from $48 and keeps an Outperform rating on the shares following Q1 earnings. The firm’s focus was on early indicators for the peak season, which appear strong. Oppenheimer believes the results and guidance support its thesis that Pursuit can grow faster than other travel/leisure companies. The firm thinks the company is benefiting from strong execution and its ownership of iconic assets in markets with high barriers to entry.
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