Norwegian Cruise Line price target lowered to $30 from $36 at Stifel

Stifel lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $30 from $36 and keeps a Buy rating on the shares. The analyst, who recently had the chance to spend a significant amount of time with management aboard their newest ship, Norwegian Aqua, notes that management was limited in what they could communicate about current booking trends given that Norwegian is going to be reporting Q1 earnings on April 30. However, the analyst adds that the firm’s general sense was that bookings are holding up well so far and “more important is that onboard trends remain healthy.”