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Update: Morgan Stanley Downgrades Viking Holdings to Equalweight From Overweight on More Balanced Risk-reward, Raises Price Target to $86 From $81

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(Updates with Morgan Stanley's commentary.)

Morgan Stanley, in a note Friday, downgraded Viking (VIK) to equalweight from overweight saying their original bull thesis has already been reflected in the stock price, "leaving a more balanced risk reward and fairly valued stock."

Analysts at the brokerage also raised the company's price target to $86 from $81 alongwith its '27/'28 EBITDA estimates, citing stronger 2027 booking demand.

"We still expect positive revisions from here as 11% pricing for 2027 should set the stage for yields well above consensus at ~4.5% (we are at ~6%)", the note said.

Viking has an average rating of overweight and mean price target of $92, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $83.64, Change: $-3.08, Percent Change: -3.55%

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