Viking Holdings price target raised to $80 from $70 at BofA

BofA raised the firm’s price target on Viking Holdings (VIK) to $80 from $70 and keeps a Buy rating on the shares. BofA aggregated credit and debit card data shows monthly cruise spend in December increased 10.5% year-over-year, reports the analyst, who adds that strength in cruise spending continues to stand out compared to other travel categories as total travel spend fell 1.9% year-over-year in December, with airline spend down 4.1% and hotel spend down 2.4%.