© Reuters. Today’s most important initiations
By Investing.com Staff
Today’s most important Wall Street analyst stock rating initiations:
Citi analyst initiated coverage on Xponential Fitness (NYSE:) with a Buy rating and a price target of $29.00. The analyst commented, “XPOF has carved out a defensible and profitable position as the industry leader in the boutique fitness space. The company’s asset-light franchise model allows for quick scaling of the business, with recurring revenues buffering the downside in the event of a recession.”
JPMorgan assumed coverage on Royal Caribbean Cruises (NYSE:) with an Underweight rating and $47. The analyst is worried about elevated leverage and the magnitude and timing of future capital commitments.
JPMorgan analysts assumed coverage on Norwegian Cruise Line Holdings (NYSE:) with an Overweight rating and a price target of $30. The analyst cited, “… 1) disciplined market-to-fill (as opposed to discount-to-fill) pricing strategy; (2) outsized growth potential versus peers, as NCLH has a smaller, nimbler, and younger fleet with premium pricing; and (3) attractive relative valuation — particularly using estimates two or more years out.”
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