Why Lindblad Expeditions Won't Join The Discount War: Analyst On Long-Term Strategy For Preserving High-End Demand
Portfolio Pulse from Nabaparna Bhattacharya
Stifel analyst Steven M. Wieczynski reiterated a Buy rating on Lindblad Expeditions Holdings Inc. (NASDAQ:LIND), but lowered the price target to $16 from $17. The analyst noted that LIND's high-end products continue to see strong demand, while demand for less desirable itineraries remains mixed. LIND is not participating in price discounting like some of its peers, as it could take years to recover from such a move. The analyst also noted that LIND has specific headwinds holding back EBITDA expansion, which should dissipate by 2024.
September 15, 2023 | 6:51 pm
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Lindblad Expeditions Holdings Inc. (LIND) has had its price target lowered by Stifel analyst Steven M. Wieczynski, despite a reiterated Buy rating. The company's high-end products continue to see strong demand, but it faces headwinds that are expected to clear by 2024.
The news is directly about Lindblad Expeditions Holdings Inc. (LIND). The company's decision not to participate in price discounting, despite the practice among some of its peers, shows its confidence in its product quality. However, the lowering of the price target by the analyst could potentially impact investor sentiment, leading to short-term price volatility.
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