Norwegian Cruise Line weakness a buying opportunity, says Stifel

Stifel reiterated a Buy rating and $35 price target on Norwegian Cruise Line (NCLH), saying the firm believes the market is misinterpreting what is happening with the capital market transactions the company announced on Monday. After talking with the company and understanding the mechanics of the capital transactions, it is clear these transactions are a positive for the company as it is not increasing its diluted share count and is lowering its overall borrowing costs, the analyst tells investors in a research note. The firm added that, net-net, it would use this weakness as a near-term buying opportunity for Norwegian.