Norwegian Cruise Line price target lowered to $27 from $30 at BofA

BofA lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $27 from $30 and keeps a Neutral rating on the shares. Following the CEO change over two weeks ago, the firm “knew the company’s business was not progressing as planned” and with Q4 earnings, Norwegian re-set its 2026 expectations with an EPS outlook of $2.38, below the Visible Alpha consensus of $2.58 and the company’s own target of $2.45 given at the May 2024 investor day, the analyst noted. Little in terms of strategy was announced, so patience is required, the analyst added.