Mizuho upgraded Norwegian Cruise Line to Buy from Neutral with a price target of $24, up from $21. Norwegian has been a consensus short over the last two years, but sentiment is beginning to shift, the analyst tells investors in a research note. The firm sees upside to earnings from a favorable industry supply backdrop, incremental cost controls specific to the company, and a reorganization of itineraries helping to drive greater yields and operating leverage than expected.
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