Barclays analyst Brandt Montour raised the firm’s price target on Norwegian Cruise Line (NCLH) to $31 from $25 and keeps an Overweight rating on the shares following the Q2 report. The firm views the company’s Q3 as “de-risked” with bookings accelerating for a record July, and strong Q4 implied exit rate. Barclays says Norwegian shares are “still way too cheap” versus Royal Caribbean (RCL).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCLH:
- Norwegian Cruise Line Reports Record Revenue and Expansion Plans
- Positive Outlook for Norwegian Cruise Line: Strong Yield Momentum and Strategic Growth Initiatives Support Buy Rating
- Norwegian Cruise Line Reports Record Earnings and Positive Outlook
- Early notable gainers among liquid option names on July 31st
- Unusually active option classes on open July 31st