Update: BofA Securities Cuts Price Target on Norwegian Cruise Line to $27 From $30, Maintains Neutral Rating

MT Newswires Live
Mar 03

(Updated to include BofA's commentary)

BofA Securities lowered its price target on Norwegian Cruise Line (NCLH) to $27 from $30 following Q4 earnings report.

The cruise operator's new Chief Executive John Chidsey is "committed" to the three brands and has no intention to sell any of them, analyst Andrew Didora wrote in a Tuesday note.

Norwegian Cruise has challenges due to poor execution, while it has also "underinvested" in technology and revenue management, Chidsey said.

Norwegian Cruise Line has an average rating of overweight and mean price target of $25.17, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 20.79, Change: -1.40, Percent Change: -6.29

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