Wedbush analyst James Hardiman maintained an Outperform rating on Norwegian Cruise Line (NCLH) and said that "now is an excellent time for investors to reengage with the cruise space," adding that Norwegian and the rest of the cruise sector would "eventually emerge from the coronavirus pandemic as strong as ever" following the 20% sell-off that he sees as a "major overreaction to the long-term impact on value." However, Hardiman lowered his price target on shares to $60 from $65 to reflect recent market activity and an extended timetable to reach his previous price target.