Norwegian Cruise price target raised, added to Analyst Focus List at JPMorgan

JPMorgan raised the firm’s price target on Norwegian Cruise Line (NCLH) to $43 from $39 and keeps an Overweight rating on the shares, which are being added to the firm’s U.S. Equity Analyst Focus List. After having hosted CFO Mark Kempa for a fireside chat meeting, the analyst reports that “record” May, June and July booking trends across all three brands and regions, as cited on the July 31 EPS call, have now sustained into August and early September. The firm raised its FY26 EPS estimate to $2.74, which it notes is above the Street’s $2.55 view and management’s roughly $2.45 investor day target, supported primarily by a net reduction of about 38M fully diluted shares on the recently announced financing transaction, the analyst tells investors.