As previously reported, Morgan Stanley analyst Thomas Allen upgraded Norwegian Cruise Line (NCLH) to Overweight from Equal Weight, stating that his monthly survey showed solid pricing and positive travel agent commentary. While he continues to have long-term concerns around elevated cruise industry supply growth, Allen has a constructive view of U.S. leisure, where Norwegian is more exposed than peers Carnival (CCL) and Royal Caribbean (RCL), the analyst tells investors. Lastly, he sees upside to consensus earnings expectations. Allen raised his price target on Norwegian shares to $62 from $58.