tiprankstipranks
Norwegian Cruise Line price target raised to $27 from $21 at Wells Fargo
The Fly

Norwegian Cruise Line price target raised to $27 from $21 at Wells Fargo

Wells Fargo raised the firm’s price target on Norwegian Cruise Line (NCLH) to $27 from $21 and keeps an Equal Weight rating on the shares. Norwegian’s Q3 adjusted EBITDA was well ahead of estimates and the Q4 yield outlook was raised, but the debate is whether Norwegian can sustain the 2.5 point yield/cost spread, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App