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Credit Suisse Reiterates Outperform, Raises PT On Norwegian Cruise Line Following Miami Investor Meetings


In a report published Wednesday, Credit Suisse analyst Joel Simkins reiterated an Outperform rating on Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH), and raised the price target from $51.00 to $60.00.

In the report, Credit Suisse noted, "We recently met with CFO, Wendy Beck and other finance team members. We found management upbeat on the trajectory of the business and cultural changes as ‘FDR's New Deal' proceeds. With the new team in place, we think NCLH is focused on top-line and pricing optimization, versus one that perhaps had to partially save its way to success during the pre-IPO period. We are raising our TP from $51 to $60."

Norwegian Cruise Line closed on Tuesday at $51.80.

Latest Ratings for NCLH

Nov 2020Morgan StanleyMaintainsUnderweight
Sep 2020BarclaysUpgradesEqual-WeightOverweight
Aug 2020Morgan StanleyMaintainsUnderweight

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