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Fly News Breaks for January 17, 2018
Jan 17, 2018 | 07:15 EDT
As reported earlier, SunTrust analyst C. Patrick Scholes upgraded Norwegian Cruise Line to Buy from Hold and raised his price target to $68 from $62. The analyst contends that pricing has stabilized for the near-term period, rising about 6.8% from prior year vs. last month's 4.4% increase. Scholes adds that bookings for this year are also rising in low double digits. The analyst also notes that the current valuation of 13.5-times his 2018 expected EPS is below Norwegian Cruise Line's peer targets.
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