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Fly News Breaks for August 9, 2019
NCLH
Aug 9, 2019 | 09:30 EDT
Buckingham analyst Daniel McKenzie upgraded Norwegian Cruise Line to Buy from Neutral and raised his price target for the shares to $61 from $56. With the Cuba "challenge" now largely understood, Norwegian's risk/reward has once again become attractive, McKenzie tells investors in a research note. Estimates have reset lower, while recent travel data has shown an acceleration, adds the analyst. As such, he has "increased comfort" with Norwegian Cruise Line's earnings going forward.