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Fly News Breaks for December 13, 2019
NCLH
Dec 13, 2019 | 07:27 EDT
After having hosted multiple days of "well-attended" investor meetings with the management of Norwegian Cruise Line, Stifel analyst Steven Wieczynski said the single word he would use to describe investors' lingering concerns on the story is "misguided." Operating fundamentals remain at record levels, there is no evidence of an impending consumer slowdown, the booking window is at "an all-time high," onboard spending remains strong, the company remains on track to achieve its leverage target and continues to aggressively buy back shares, Wieczynski tells investors. Following the meetings, he reiterates his Buy rating and $65 target price on Norwegian shares.
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