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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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