Norwegian Cruise Line Holdings has strong growth opportunities, while Royal Caribbean Group will be dealing with near-term headwinds, according to a J.P. Morgan analyst.
Daniel Adam assumed coverage of Royal Caribbean (ticker: RCL) with an Underweight rating from Overweight and slashed the price target to $47 from $106 on Tuesday. After his initial report, Adam released a new research note where he corrected his financial model and raised his price target to $54 from $47. Adam also assumed coverage of Norwegian Cruise Line (NCLH) with an Overweight rating. The 12-month price target was reduced to $30 from $35.
Norwegian Stock Is a Buy, Royal Caribbean Is a Sell, Says Analyst. Here’s Why.
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