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Stifel Nicolaus maintained Norwegian Cruise Line Holdings
NCLH with a Buy rating and raised the price target from $33.00 to $36.00.
Stifel Nicolaus said, "On the whole, management's preliminary 2013 outlook confirms our view that NCLH remains the preeminent growth story in the cruise operator space. Management established preliminary 2013 net yield guidance of +3.5% to +5.5%, ahead of the comparable ranges at RCL (+3% to +5%) and CCL (+1.5% to +2.5%). While only a 50bps premium to RCL at the midpoint, we believe management may have taken an overly conservative approach to guidance in an effort to cultivate investor confidence following its recent IPO. That said, we would not be surprised to see guidance raised as 2013 unwinds."
Norwegian Cruise Line Holdings closed at $28.32 on Tuesday.
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