Pursuit initiated with a Buy at Stifel

Stifel initiated coverage of Pursuit (PRSU) with a Buy rating and $38 price target Pursuit Attractions and Hospitality is “uniquely positioned” as a hospitality pure-play focused on high perceived value, iconic destinations, says the firm, which sees the company having “better-than-appreciated” pricing power as well as an attractive organic growth outlook, supplemented by a multi-year capital deployment runway.