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Fly News Breaks for December 9, 2015
NCLH
Dec 9, 2015 | 06:15 EDT
Goldman analyst Steven Kent downgraded Norwegian Cruise to Sell to reflect first half 2016 net yield-related headwinds that include the 24-day drydock of Pride of America, lower net yields from the Norwegian Escape launch, and redeploying the Norwegian Epic to Europe from the Caribbean. Additionally, Kent believes the cost of the build out of its China operations could be higher than expected and the share price could be held back by a potential secondary overhang. The analyst has a $50 price target on Norwegian Cruise Line shares.
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