Stifel says Norwegian Cruise Line doesn’t seem to be talking down yield guidance

After having recently attended an investor event aboard Norwegian Luna, Stifel analyst Steven Wieczynski believes certain investors came away thinking Norwegian Cruise Line (NCLH) was talking down yield guidance for the remainder of 2026, but “that just doesn’t seem to be the case,” the analyst argues. The firm, which believes the Street continues to mis-model the cadence of yields throughout the year and views its own current yield cadence as “a more accurate assessment of how 2026 will play out,” keeps a Buy rating and $28 price target on Norwegian shares.