Citi Sees 51% Upside In Norwegian Cruise Line

by Shivani Kumaresan, Benzinga Staff Writer

October 25, 2021 2:47 PM | 1 min read | Make a Comment

Citi analyst James Ainley initiated coverage of Norwegian Cruise Line Holdings Ltd NCLH with a Buy rating and $39 price target, implying an upside of 51%.
The analyst sees "momentum building" in the re-opening of the cruise industry.
While near term uncertainties persist, industry pricing, especially for premium lines, looks robust for next summer, Ainley notes.
His analysis of web traffic and pricing data points to strength in the more premium segments where Norwegian "has the strongest representation."
Also Read: Citi Downgrades This Global Cruise Company, Cuts Price Target By 27.9%
Price Action: NCLH shares are trading higher by 1.12% at $25.77 on the last check Monday.