UPDATE: Jefferies Downgrades OneSpaWorld Holdings Ltd. (OSW) to Hold

(updating comment)

Jefferies analyst Stephanie Wissink downgraded OneSpaWorld Holdings Ltd. (NASDAQ: OSW) from Buy to Hold with a price target of $17.00.

The analyst comments "We established fair value at 18x EBITDA for +MSD topline and +LDD underlying profit growth based on: 1) +LSD "same ship" sales growth; 2) new ships under existing contracts; and 3) new contract wins. Assumptions have proven to be directionally accurate since IPO with 2020-21 growth outsized at +HSD/ LDD. Capacity & pipeline growth is known and modeled and while there has been some volatility in Europe re: demand, we expect stability in the underlying business."

For an analyst ratings summary and ratings history on OneSpaWorld Holdings Ltd. click here. For more ratings news on OneSpaWorld Holdings Ltd. click here.

Shares of OneSpaWorld Holdings Ltd. closed at $16.72 yesterday.

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