Barclays downgraded Norwegian Cruise Line (NCLH) to Equal Weight from Overweight with an unchanged price target of $23. The firm sees a more balanced risk/reward at current share levels. It cites valuation for the downgrade with Norwegian up 24% over the last three months. In addition, the company’s Q1 yields are likely to be weak, with more downside than upside to recently lowered consensus estimates, the analyst tells investors in a research note.
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