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Fly News Breaks for February 24, 2020
NCLH
Feb 24, 2020 | 07:23 EDT
Argus analyst John Staszak downgraded Norwegian Cruise Line to Hold from Buy. The analyst cites the company's decision to cancel all of its cruise to Asia through the end of Q3 and also expects that it will struggle deploying ships in other regions due to the outbreak of coronavirus. Staszak is cutting his FY20 EPS view by 30c to $5.50 and believes that its 8.5-times forward earnings multiple adequately reflects its slower net yield growth prospects.
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