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Norwegian Cruise Line price target lowered to $14 from $18 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $14 from $18 and keeps a Neutral rating on the shares. Norwegian Cruise Line delivered a much larger-than-expected guidance cut driven by weakening pricing, negative deposit trends, and broad-based yield pressure across regions, suggesting a prolonged recovery path requiring multi-year reinvestment while rising leverage and upcoming ship deliveries increasingly heighten balance sheet concerns, the analyst tells investors in a research note.

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