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Fly News Breaks for May 10, 2019
NCLH
May 10, 2019 | 08:50 EDT
Wells Fargo analyst Timothy Conder raised his price target on Norwegian Cruise Line shares to $70 from $68, stating that the company's Q1 report provides evidence of both company execution and ongoing industry strength. He thinks the combination of strong company and industry fundamentals, valuation, a lack of tariff exposure and accelerating capital returns should soon lead to an expanded multiple and Conder keeps an Outperform rating on Norwegian.
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