Viad price target raised to $50 from $46 at B. Riley

B. Riley raised the firm’s price target on Viad to $50 from $46 and keeps a Buy rating on the shares. The analyst says the setup for Viad for 2024 is very strong. Not only has the company’s Pursuit segment continued to recover from the pandemic, with solid visitation growth and margin expansion, but the GES segment will also experience strong non-annual show rotation in 2024, with particular strength in Q3, the analyst tells investors in a research note.