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Fly News Breaks for February 22, 2019
NCLH
Feb 22, 2019 | 07:49 EDT
Deutsche Bank analyst Chris Woronka raised his price target for Norwegian Cruise Line to $70 saying he sees "tangible and compelling reasons for further upside in the stock." The analyst continues to see the cruise lines likely benefitting from additional sector rotation within consumer discretionary. This idea isn't new, but we don't think it has fully played out yet, Woronka tells investors in a research note. He also believes Norwegian can deliver roundly 15% adjusted earnings growth in 2020, which he thinks will be best-in-class growth. The analyst keeps a Buy rating on the shares.
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