Viad Corp (NYSE:) Receives Outperform Rating and $41 Price Target Reaffirmation from Oppenheimer
Oppenheimer, a leading investment firm, has reconfirmed its Outperform rating and $41.00 price target on Viad Corp, a key player in the business services and leisure industry. The decision comes after a recent discussion with the company, where Viad Corp highlighted its recovery progress in Jasper post-wildfire and strong trends in its Pursuit segment.
Viad Corp's General Services (GES) division is expected to maintain revenue levels in 2025, despite challenges, showcasing the company's commitment to profitability. With shares trading at an attractive valuation compared to peers in the industry, analysts believe there is a favorable opportunity for investors.
In recent news, Viad Corp reported better-than-expected second-quarter earnings, driven by the strong performance of its GES and Pursuit divisions. The company also announced the appointment of Jill Bright to its Board of Directors, signaling a positive step for future growth.
Looking ahead, Pursuit revised its full-year guidance for adjusted EBITDA due to wildfire-related uncertainties but remains optimistic about recovery and growth. Viad Corp is focusing on scaling Pursuit through investments in 2024, indicating a promising outlook for the company.
In summary, Viad Corp's recent developments and performance indicate a potential for growth and profitability, making it an attractive investment opportunity for investors looking to capitalize on the company's recovery and future prospects.