Citi analyst James Hardiman raised the firm’s price target on Norwegian Cruise Line (NCLH) to $30 from $25 and keeps a Buy rating on the shares. The firm believes “better-than-ever” demand dynamics and “lower-than-historical” supply growth dynamics are setting up a favorable pricing environment for the cruise lines that could last much longer than investors expect. Citi says recent data shows improving trends in May through July.
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