Norwegian Cruise Line price target lowered to $28 from $30 at Stifel

Stifel lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $28 from $30 and keeps a Buy rating on the shares. The firm has adjusted estimates lower, mostly to account for the recent spike in global fuel prices, the analyst tells investors following meetings with new CEO John Chidsey and CFO Mark Kempa. However, the firm adds that it “got the sense Mr. Chidsey and Elliott have a strong working relationship with both sides agreeing there needs to be changes made across the organization to address the ‘missteps’ previous NCLH management made.”