Goldman Sachs analyst Lizzie Dove lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $34 from $35 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results for Cruise Line names. The analyst notes that investors, sentiment on the stock has been more mixed in the past month, given some concerns around Q1 being the low point of the year for yield growth. Goldman adds however that it remains positive on the company’s improved outlook on the sustainability of pricing power, improved deployment strategy and capacity growth through new hardware and destination expansions, progress on long term cost savings initiative and EBITDA margin profile outlook, and continued progress on leverage reduction.
Invest with Confidence: Follow TipRanks’ Top Wall Street Analysts to uncover their success rate and average return.
Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Norwegian Cruise Line price target lowered to $34 from $35 at Goldman Sachs
- Advertisment - 