BofA raised the firm’s price target on Norwegian Cruise Line (NCLH) to $29 from $26 and keeps a Neutral rating on the shares. BofA aggregated credit and debit card data show that monthly cruise spending increased 8.3% year-over-year in October, notes the analyst, who raised price targets across the group after the post-election bump higher in valuation multiples. Industry fundamentals remain solid and election results are likely to bolster consumer strength further, the analyst tells investors.
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Read More on NCLH:
- Norwegian Cruise Line price target raised to $26 from $19 at Morgan Stanley
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