Norwegian Cruise Line price target lowered to $18 from $27 at Susquehanna

Susquehanna lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $18 from $27 and keeps a Neutral rating on the shares. The firm said the company’s outlook and comments around demand “choppiness” for 3Q bookings was surprising and raises the question as to how much is unique to Norwegian versus a slowing within global cruise demand.