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Fly News Breaks for May 10, 2016
NCLH
May 10, 2016 | 09:45 EDT
Stifel analyst Steven Wieczynski noted that Norwegian Cruise Line gave Q2 guidance below consensus expectations, effectively backloading the company's full-year outlook, and he expects the shares to be pressured due to the near-term outlook. However, he continue to see the company as well positioned to benefit from sustained booking strength in the Caribbean and from emerging Chinese growth and would be an aggressive buyer amid any weakness. The firm keeps a Buy rating and $70 price target on Norwegian shares.
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