Macquarie analyst Paul Golding raised the firm’s price target on Norwegian Cruise Line to $22 from $17 and keeps an Outperform rating on the shares. Fourth quarter financials reflected solid pricing and volume despite external disruptions and fuel pressures, the analyst tells investors in a research note. The firm noted that progress in cost reduction initiatives, coupled with top-line strength, are paving the way for margin expansion and a “solid” 2024.
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