Pursuit price target lowered to $41 from $50 at Oppenheimer

Oppenheimer lowered the firm’s price target on Pursuit (PRSU) to $41 from $50 and keeps an Outperform rating on the shares following quarterly results. The firm notes that it’s a positive that the company reiterated its full year guidance. Oppenheimer also thought management commentary on forward-booking trends and the Jasper recovery were favorable. The firm believes Pursuit remains well-positioned to grow EBITDA in the coming years via organic growth opportunities or external acquisitions.