Viking Holdings price target raised to $58 from $50 at JPMorgan

JPMorgan raised the firm’s price target on Viking Holdings (VIK) to $58 from $50 and keeps an Overweight rating on the shares following recent field work and speaking with management. Viking’s pricing power is greater than peers, the analyst tells investors in a research note. The firm says that despite the company’s capacity nearly four-times the peer average, it has still been able to deliver a net yield growth algorithm ahead of the big three cruise lines. Near-term, noted similar signs of continued strength cited by peers post-election at its core customer base and will end the year north of 70% booked, contends JPMorgan.