JPMorgan analyst Matthew Boss lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $28 from $40 and keeps an Overweight rating on the shares. JPMorgan also removed Norwegian from its Analyst Focus List. The firm reduced its Q1 net yield estimate below consensus. JPMorgan’s work points to a step-up in promotional intensity for Norwegian January-to-date, the analyst tells investors in a research note.
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