Fly News Breaks for February 20, 2020
Feb 20, 2020 | 15:23 EDT
In a note issued before the open, Stifel analyst Steven Wieczynski said he expected to see a muted response to Norwegian Cruise Line's better than expected Q4 operating results, which he saw being "somewhat overshadowed" by coronavirus uncertainties. However, he encouraged investors to "take advantage of the fear in the market to aggressively accumulate" the stock at current levels given what he continues to view as an above-average earnings growth trajectory and a heavily discounted valuation. Wieczynski keeps a Buy rating and $71 price target on Norwegian shares, which are down $3.28, or 6.3%, to $48.74 in afternoon trading.
News For NCLH From the Last 2 Days
May 19, 2022 | 07:21 EDT
Truist analyst Patrick Scholes lowered the firm's price target on Norwegian Cruise Line to $18 from $20 and keeps a Hold rating on the shares as part of a broader research note on the Cruise group. The analyst cites his conversations with senior executives at large travel agencies that specialize in cruises and from examining "big data" on future bookings, stating that while consumers are "clearly" responding to the attractive prices and promotions, prices are nowhere near where cruise lines want them to be, particularly amid rising food and fuel costs.