Norwegian Cruise Line price target raised to $29 from $27 at Stifel

Stifel raised the firm’s price target on Norwegian Cruise Line to $29 from $27 and keeps a Buy rating on the shares. After having recently hosted Norwegian’s CFO, Mark Kempa, and management for investor meetings, the firm would describe investors’ lingering concerns on the story/industry as “misguided,” the analyst said. Norwegian’s operating fundamentals continue to perform at record levels, with no evidence of an impending consumer slowdown, says Stifel, which believes Norwegian remains on track to achieve its 2026 financial targets and believes there is upside to those targets. The firm, which raised its 2024-2026 estimates, sees a scenario where Norwegian could produce north of $3 per share in EPS by 2026, the analyst added.