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CCL

Carnival

$64.81

-1.37 (-2.07%)

, RCL

Royal Caribbean

$124.22

-2.45 (-1.93%)

10:42
11/10/17
11/10
10:42
11/10/17
10:42

Stifel says buy cruise line stocks amid tax reform jitter weakness

Stifel analyst Steven Wieczynski attributes today's weakness in cruise line stocks to the fact that the recently released Senate tax reform bill has specific cruise language in it. However, he reminds investors that the initial House tax reform bill also had cruise specific language in it and "all of a sudden it disappeared," which is what he expect to happen in the Senate as well given the industry's lobbying power. He would use today's weakness in shares of Carnival (CCL), Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) as a buying opportunity.

CCL

Carnival

$64.81

-1.37 (-2.07%)

RCL

Royal Caribbean

$124.22

-2.45 (-1.93%)

NCLH

Norwegian Cruise Line

$56.89

1.33 (2.39%)

  • 30

    Nov

CCL Carnival
$64.81

-1.37 (-2.07%)

09/15/17
09/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Equifax (EFX) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg citing news of a major hack on the company's data that could have lasting effects. 2. FedEx (FDX) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz citing TNT issues following the cyber-attack in June that knocked out multiple systems. 3. Carnival (CCL) downgraded to Neutral from Outperform at Credit Suisse with analyst Tim Ramskil saying he is worried that his estimate of absolute industry capacity growth in 2018-2021 is double that of the last five years. 4. American Airlines (AAL), United Continental (UAL), and Spirit Airlines (SAVE) were downgraded to Neutral from Overweight at JPMorgan. 5. Acuity Brands (AYI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Richard Kwas saying his firm's electrical channel checks indicate the 8% consensus organic revenue growth estimate for FY18 does not have upside. The analyst thinks shares are likely range-bound in the $160-$200 range "for the time being." He believes a "material step up" in tiered solutions growth is needed for gross margin to outperform expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/17
SUSQ
09/25/17
NO CHANGE
Target $76
SUSQ
Positive
Carnival estimates raised at Susquehanna despite hurricane disruption
Susquehanna analyst Rachael Rothman raised her estimates and price target on Carnival despite the recent hurricane disruptions. She sees the recent pullback in the shares as a buying opportunity and sees no change to the long-term demand environment. Rothman, who also sees the quality of management's decisions as sound, raised her price target to $76 from $75 on Carnival shares.
09/28/17
STFL
09/28/17
NO CHANGE
Target $79
STFL
Buy
Cruiselines overreacted to Caribbean discounting comment, says Stifel
Stifel analyst Steven Wieczynski attributes a selloff in shares of cruiseline operators to a comment made by Carnival (CCL) CEO Arnold Donald regarding discounting activity by other operators in the Caribbean for Q4 sailings. However, management clarified the comment did not apply to the Caribbean as a whole, but rather to a small number of itineraries, Wieczynski noted. He believes the comment was taken somewhat out of context and views the selloff as totally overdone. Wieczynski keeps a Buy rating and $79 price target on Carnival. Other publicly traded cruise operators include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH).
09/29/17
NOMU
09/29/17
NO CHANGE
Target $75
NOMU
Buy
Carnival shares near 'back up the truck' level, says Nomura Instinet
Shares of Carnival have pulled back to nearly a "back up the truck" level, Nomura Instinet analyst Harry Curtis tells investors in a research note titled "LT Investors - Pray for a Lower Stock." The analyst, who says he appreciates the uncertainty surrounding Caribbean pricing from December to March following the storms, notes Carnival's yield growth needs to only reach 2.5% in 2018-2019 to drive high-teens earnings growth. Using "just a market multiple" should get the stock to $75 in 12 months, and more than $90 on 2019 earnings, Curtis writes. He keeps a Buy rating on Carnival with a $75 price target.
RCL Royal Caribbean
$124.22

-2.45 (-1.93%)

11/06/17
WELS
11/06/17
NO CHANGE
Target $135
WELS
Outperform
Royal Caribbean price target raised to $135 from $128 at Wells Fargo
Wells Fargo analyst Tim Conder raised his price target for Royal Caribbean to $135 from $128 as he believes the company continues to execute the best within the cruise industry, remaining at the forefront of technology to enhance the consumer experience/data analytics, Asia distribution development/brand positioning and growing new Millennial cruisers. The analyst reiterates an Outperform rating on the shares.
10/11/17
ARGS
10/11/17
NO CHANGE
Target $145
ARGS
Buy
Royal Caribbean price target raised to $145 from $135 at Argus
Argus analyst John Staszak raised his price target on Royal Caribbean to $145 from $135, citing the company's investment in new ships and rising international demand. Staszak notes the negative impact of hurricanes Harvey and Irma is expected to be minimal. In the longer term, the analyst sees continued favorable demographics in the cruise industry and limited growth in cruise ship capacity, maintaining his Buy rating on Royal Caribbean.
11/08/17
WEDB
11/08/17
NO CHANGE
Target $139
WEDB
Outperform
Royal Caribbean price target raised to $139 from $129 at Wedbush
Wedbush analyst James Hardiman raised to $139 from $129 after the company turned in a better than expected Q3 despite hurricane headwinds. The analyst reiterates an Outperform rating on the shares.
NCLH Norwegian Cruise Line
$56.89

1.33 (2.39%)

10/25/17
10/25/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Buy at HSBC. 2. Albemarle (ALB) initiated with an Outperform at BMO Capital. 3. Norwegian Cruise Line (NCLH) initiated with a Buy at Argus. 4. Uranium Energy (UEC) initiated with a Buy at Roth Capital. 5. Aldeyra (ALDX) initiated with an Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/10/17
WEDB
11/10/17
NO CHANGE
Target $65
WEDB
Outperform
Norwegian Cruise Line fundamentals strong despite 'muddy' guidance, says Wedbush
Wedbush analyst James Hardiman noted hurricanes have made the Q3 and Q4 period "messy" for Norwegian Cruise Line but he said the company's commentary on bookings post hurricanes is encouraging and its momentum remains strong. He maintains his Outperform rating and $65 price target on Norwegian shares.
10/25/17
ARGS
10/25/17
INITIATION
Target $68
ARGS
Buy
Norwegian Cruise Line initiated with a Buy at Argus
Argus analyst John Staszak initiated Norwegian Cruise Line with a Buy rating and a $68 price target. Staszak says the company is attractively valued due to its clean balance sheet, prospects for earnings growth, and expanding fleet, as it plans to spend $1B annually to build new ships through 2020. Comparatively, the analyst says Norwegian Cruise Line is smaller than the other cruise lines, with more room to increase capacity over next several years.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

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GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

10:05
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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

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Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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Buy Baker Hughes, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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  • 27

    Nov

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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IBM could be next to fetch higher valuation, Barron's says »

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    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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Periodicals
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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
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11/18
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08:21
Hot Stocks
Week in review: How Trump's policies moved stocks »

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

    Nov

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    Nov

TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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11/18
07:25
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07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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11/18
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04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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18:01
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

  • 06

    Dec

WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
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Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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Tactile Systems

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Lumos Networks

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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

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