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Benzinga
Benzinga
Business
Akanksha Bakshi

B. Riley Cuts Viad's Price Target By ~14%

NYSE
  • B. Riley analyst Bryan Maher lowered the price target on Viad Corp (NYSE:VVI) to $51 (an upside of 76.5%) from $59 and maintained a Buy rating on the shares following the Q4 results.
  • Maher says that despite making numerous changes to revenue and margin assumptions in his model, his fiscal 2022 through 2024 estimates are little changed.
  • The analyst is now taking a segment weighted approach to his valuation.
  • Price Action: VVI shares are trading lower by 4.44% at $28.92 on the last check Monday.
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