As previously reported, Argus downgraded Norwegian Cruise Line (NCLH) to Hold from Buy. The firm believes that given the company’s “highly leveraged” position and vulnerability to weakening consumer spending and slowing economy, the stock’s current price is appropriate, the analyst tells investors in a research note. Argus also cuts its FY25 EPS view by 4c to $2.06 and its FY26 view by 10c to $2.50 based on the reduced fares for Norwegian’s Oceania brand and a slowdown in advance bookings.
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