Jefferies Starts Pursuit Attractions and Hospitality (PRSU) at Buy

Jefferies analyst Anthony Berni initiates coverage on Pursuit Attractions and Hospitality (NYSE: PRSU) with a Buy rating and a price target of $61.00.

The analyst comments "We initiate on PRSU at Buy with a $61 price target. PRSU is a pure-play attractions/lodging business with strong organic & inorganic growth (18% EBITDA CAGR) and a solid balance sheet (<1.5x net leverage), at a reasonable price (~1.0x EV/EBITDA/G). One-of-a-kind assets in supply-constrained national parks underpin demand, with margin expansion (29% EBITDA in FY28) from improved scale and efficiency. LT targets imply further growth in FY29-FY30."

For an analyst ratings summary and ratings history on Pursuit Attractions and Hospitality click here. For more ratings news on Pursuit Attractions and Hospitality click here.

Shares of Pursuit Attractions and Hospitality closed at $47.74 yesterday.

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