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Fly News Breaks for March 2, 2020
NCLH, CUK, CCL, RCL
Mar 2, 2020 | 09:26 EDT
After having recently hosted investors for the firm's annual South Florida Cruise Tour, Stifel analyst Steven Wieczynski said that the coronavirus outbreak has negatively impacted booking activity, but that all three major cruise operators indicated they are entering this crisis in better fiscal shape than prior events and "most" felt pretty upbeat, for now, about booked business for the second half of 2020 and 2021. He encourages investors to take advantage of the group's discounted valuation to add to positions for the long-term, although he acknowledges that the cruise industry is "not likely through the roughest of the coronavirus-induced seas at this point," Wieczynski said.
News For RCL;CCL;CUK;NCLH From the Last 2 Days
NCLH, CCL
Oct 25, 2021 | 12:01 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to thefly.com. See Story Here
NCLH, CUK, CCL
Oct 25, 2021 | 10:00 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SELL MICRON: Bernstein... To see the rest of the story go to thefly.com. See Story Here
NCLH
Oct 25, 2021 | 09:54 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Warby Parker (WRBY) initiated with a Buy at Goldman Sachs, an Outperform at Cowen, Telsey Advisory, and Baird, an Equal Weight at Morgan Stanley and an In Line at Evercore ISI. 2. Norwegian Cruise Line (NCLH) initiated with a Buy at Citi. 3. Micron (MU) initiated with an Underperform at Bernstein. 4. Amplitude (AMPL) initiated with an Overweight at KeyBanc, with an Equal Weight at Morgan Stanley, a Neutral at BofA and Baird. 5. IntercontinentalExchange (ICE) resumed with a Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CUK, CCL
Oct 25, 2021 | 09:54 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Paysafe (PSFE) downgraded to Neutral from Outperform at Credit Suisse with analyst Timothy Chiodo seeing a more balanced risk/reward at current share levels as well as minimal upside potential to 2022 and 2023 organic estimates. 2. Carnival (CCL) and Carnival plc (CUK) downgraded to Neutral from Buy at Citi with analyst James Ainley saying while he continues to believe in a recovery for the cruise industry, his comparative analysis of the pricing environment, ship pipeline, earnings quality, returns and valuation suggests that Norwegian Cruise Line (NCLH) will deliver more attractive returns to shareholders relative to Carnival. 3. Whirlpool (WHR) downgraded to Underperform from Sector Perform at RBC Capital with analyst Mike Dahl saying the company's market share losses continue in North America and its margins look set to weaken in Q4 with further pressures coming in fiscal 2022. 4. Armada Hoffler (AHH) downgraded to Underperform from Neutral at BofA with analyst James Feldman noting that the company's floating rate debt comprises 40.7% of its total balance and poses a growing risk, with inflation and the likelihood of higher interest rates. 5. Independent Bank (INDB) downgraded to Neutral from Overweight at Piper Sandler with analyst Mark Fitzgibbon saying with a valuation "that is comfortably above peers," the near-term upside for the stock "is a bit more limited." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NCLH, CUK, CCL
Oct 25, 2021 | 05:57 EDT
Citi analyst James Ainley downgraded Carnival to Neutral from Buy with a price target of $24.50, down from $34. The analyst also downgraded Carnival plc (CUK) to Neutral with a price target of EUR 17.50, down from EUR 24. While he continues to believe in a recovery for the cruise industry, Ainley's comparative analysis of the pricing environment, ship pipeline, earnings quality, returns and valuation suggests that Norwegian Cruise Line (NCLH) will deliver more attractive returns to shareholders relative to Carnival. Carnival has delivered slower revenue and earnings growth over the last 10 years and its decision to exit older, less efficient vessels and smaller pipeline will limit its revenue recovery versus Norwegian, contends the analyst.
CCL
Oct 25, 2021 | 04:38 EDT
Citi analyst James Ainley downgraded Carnival to Neutral from Buy.