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Deutsche Bank cuts Lindblad Expeditions stock target amid uncertainties

EditorRachael Rajan
Published 04/02/2024, 07:33 AM

On Tuesday, Deutsche Bank revised its price target on shares of Lindblad Expeditions Holdings (NASDAQ:LIND), a cruise and expedition company, reducing it to $10.00 from the previous $11.00. The firm has maintained a Hold rating on the stock.

The adjustment comes amid uncertainties highlighted by the firm regarding the market potential and competitive landscape for Lindblad Expeditions. The company, known for its premium niche cruise experiences, faces questions about the sustainability of its yield growth and the depth of its market for first-time guests.

The analyst from Deutsche Bank expressed concerns about the possibility of larger players in the cruise and travel industry encroaching on the experiential cruise category. As these competitors look to expand their product lines and price points, it could pose a challenge to Lindblad's market position.

"We believe LIND investors are seeking additional clarity on the company's five to ten year development plans in terms of new vessel construction or acquisition," said the analyst.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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