Viking Holdings price target raised to $85 from $74 at Citi

Citi raised the firm’s price target on Viking Holdings (VIK) to $85 from $74 and keeps a Buy rating on the shares. The firm believes theca cruise data points indicate that either the demand environment has decelerated or the supply environment in the Caribbean market has “gotten crowded.” A combination of both is likely, the analyst tells investors in a research note. Citi expects the cruise companies to issue “more conservative” outlooks when reporting Q4. The firm thinks Viking will be the biggest beneficiary of a “K-shaped economy.”