Jefferies raised the firm’s price target on Viking Holdings (VIK) to $52 from $45 and keeps a Hold rating on the shares. The firm, which is updating its cruise line models ahead of Q2 earnings, notes that its yield estimates are “generally moving higher” given foreign exchange tailwinds and continued resilience in the space following Carnival’s (CCL) report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIK:
- Viking Holdings takes delivery of newest ocean ship
- Cruise stocks rise after Carnival beats earnings expectations
- Viking Holdings price target raised to $57 from $52 at Citi
- Viking Holdings price target raised to $49 from $47 at Morgan Stanley
- Viking Holdings 30.53M share Spot Secondary priced at $44.20