UPDATE: UBS Downgrades Norwegian Cruise Line
In a note released Wednesday, UBS Global Research analyst Robin Farley downgraded shares of Norwegian Cruise Line (NASDAQ: NCLH) from Buy to Neutral and lowered the price target from $37 to $36.
Farley wrote, "In the next few quarters, we believe NCLH will continue to face a challenging Carib and in 2015, after a challenging first quarter, NCLH will be without benefit of new tonnage until the fourth quarter, so it won't have a new ship delivery to drive yield growth through higher mix of premium ticket price until late 2015."
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