Viking Holdings up after Morgan Stanley upgrades to 'overweight'
12/11/2024 11:45
** Shares of cruise operator Viking Holdings VIK.N rise
~1.6% to $45.15 premarket
** Morgan Stanley upgrades the company to "overweight" from
"equal weight", says strong booking demand to increase its gross
ticket yield
** Brokerage expects improvement in commissions to further
boost income due to Viking's strong direct booking and marketing
campaigns
** Morgan Stanley raises PT to $49 from $37, a ~10% upside
to stock's last close
** Eight of 10 brokerages rate the stock "buy" or higher and
two "hold"; their median PT is $39 - LSEG data
** As of last close, the stock is up ~70% since its New York
Stock Exchange debut in May
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))