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.