UPDATE: UBS Downgrades Norwegian Cruise Line Holdings

In a note released earlier today, UBS Global Research analyst, Robin Farely downgraded shares of Norwegian Cruise Line Holdings

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."