Apr. 14 at 3:08 PM
Viking moves higher on Rothschild upgrade
Shares of Viking
gained roughly 3% Tuesday following an upgrade to buy at Rothschild & Co, which cited secular demand drivers, as well as the company’s best-in-class revenue visibility and strong cash generation.
The firm’s new valuation work shows that on normalized free cash flow, the river cruise company’s multiple is at a less than 30% premium to Norwegian Cruise Line Holdings
and Carnival
, and at a 25% discount to Royal Caribbean
.
$VIK $RCL