Viking Holdings price target raised to $50 from $49 at Truist

Truist analyst Patrick Scholes raised the firm’s price target on Viking Holdings (VIK) to $50 from $49 and keeps a Hold rating on the shares as part of a broader research note on Cruise Lines. The firm’s conversations over the past month with senior executives in the travel industry and from examining “big data” on future cruise bookings and pricing suggest noticeable deceleration in the industry-wide y/y booking pace vs. comparable paces in December and January, though with that being said, there was no noticeable deceleration in the y/y pricing growth on new bookings, the analyst tells investors in a research note.