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Fly News Breaks for November 10, 2016
NCLH
Nov 10, 2016 | 07:39 EDT
After Norwegian Cruise replaced its quantitative 2017 EPs guidance with a qualitative goal, Stifel analyst Steven Wieczynski calls the new guidance "optically lower." However, he says he does not see any changes in the company's core business that would justify the subsequent 9% decline in its stock. He says that the decline was a "gross overreaction" to results that were in-line with to slightly ahead of expectations. He thinks that the revised guidance doesn't make the shares less attractive, and he says that the stock's risk/reward ratio remains positive. He trims his price target on the stock to $48 from $51 but keeps a Buy rating.