Citi analyst James Hardiman raised the firm’s price target on Norwegian Cruise Line (NCLH) to $29 from $26 and keeps a Buy rating on the shares. The firm expects “conservative” outlooks from the cruise names during the Q4 earnings season. Indicators show the demand environment has either decelerated or the supply environment in the Caribbean market has “gotten crowded,” or some combination of both, the analyst tells investors in a research note.
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