Morgan Stanley raised the firm’s price target on Viking Holdings (VIK) to $49 from $47 and keeps an Overweight rating on the shares. The firm raised estimates “modestly across the board” for its Gaming & Lodging coverage to reflect better Q1 results and roughly in-line guidance expectations and mark-to-market adjustments for higher multiples. Discounted valuations among the group suggest the market “still remains pessimistic near-term,” adds the analyst.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIK:
- Viking Holdings 30.53M share Spot Secondary priced at $44.20
- Viking Holdings 30.53M share Spot Secondary; price range $44.20-$44.50
- Viking Holdings announces offering of 30.53M ordinary shares for holders
- Viking Holdings files automatic ordinary shares offering
- Citi ups Viking Holdings price target, says pullback a buying opportunity
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue