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Fly News Breaks for July 30, 2019
NCLH
Jul 30, 2019 | 08:02 EDT
Stifel analyst Steven Wieczynski lowered his EPS estimates on Norwegian Cruise Lines ahead of the company's Q2 report due to the near-term impact from Cuba, the Norwegian Pearl incident and negative forex impacts, leading him to trim his price target on the stock to $67 from $71. However, he keeps a Buy rating on the stock, stating that he believes the Cuba impact has more than been priced into shares and he believes management's commentary will remain upbeat. In a preview note, entitled "Right Now, Baltimore's Image Might be Better Than Cruise Stocks; Strong NCLH Report Expected; Will it Matter?," the analyst said he believes current operating results should help to offset and absorb the Cuba fears and foreign exchange headwinds.