Truist analyst C. Patrick Scholes lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $25 from $26 and keeps a Buy rating on the shares as part of a broader research note on Cruise Lines from Truist that examined “big data” on future cruise bookings and pricing. The Wave Season has been decent but geopolitical events are a reminder of sector risk and valuations, the analyst tells investors in a research note. Due to post-Covid “normalization” of demand and elevated supply, Net Yield growth is not tracking materially above company guides like 1-3 years ago, the firm added.
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