Pursuit Attractions and Hospitality (PRSU) PT Raised to $42 at Stifel

Stifel analyst Jeff Stantial raised the price target on Pursuit Attractions and Hospitality (NYSE: PRSU) to $42.00 (from $38.00) while maintaining a Buy rating.

The analyst comments "PRSU reported a +7% Q3 Adj. EBITDA beat and raised FY25 Adj. EBITDA guidance +5% at midpoint, with upside attributed to late-summer visitation acceleration and PRSU's iterative experience improvement strategy (which we discussed in detail here). Recent investor debate has been around forthcoming FY26 guidance given 'tough comp' concerns with several unique demand tailwinds bolstering FY25. While acknowledging some puts, management emphasized secular demand tailwinds & encouraging early forward indicators that point to sustained healthy organic growth. PRSU also teased forthcoming Jasper SkyTram & Apgar development details, which we view as the two most attractive project opportunities in the current 'Refresh, Build, Buy' pipeline. Together, this keeps us constructive heading into CY26 - with upside from here more likely coming from estimate revisions vs. multiple appreciation given the +26% run since Q2. Reiterate Buy. Our 2025/26E Adj. EBITDA moves +5%/+4%. Target price to $42."

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