UBS lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $23 from $29 and keeps a Neutral rating on the shares. The firm sees company-specific downside risk, with checks showing lower demand from North Americans into Europe, the analyst tells investors in a research note. UBS believes Norwegian may be focusing on ticket price protection and letting occupancy be lower, and is expecting Q3 occupancy to come in lower than the 108.1% last year.
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