Loop Capital lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $24 from $25 and keeps a Buy rating on the shares. The firm notes the 30% pullback in the stock year-to-date but notes that it is favorably disposed to the entire cruise industry as market share gains in the $2T global vacation market would be even more likely in a recession, the analyst tells investors in a research note.
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Read More on NCLH:
- Norwegian Cruise Line price target lowered to $22 from $23 at Barclays
- Norwegian Cruise Line: Strategic Adjustments and Strong Financial Performance Justify Buy Rating
- Norwegian Cruise Line Reports Q1 2025 Results
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- Norwegian Cruise says April was ‘more three weeks’ of choppiness
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