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Norwegian Cruise Line upgraded to Overweight from Neutral at JPMorgan

Norwegian Cruise Line upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Norwegian Cruise Line (NCLH) to Overweight from Neutral with an unchanged price target of $30 after meeting with the company. The clear message from management was zero detectable change in demand behavior despite “noise” in the macro backdrop, the analyst tells investors in a research note. The firm now sees a favorable risk/reward setup. Norwegian has favorable demographics, as each of its brand targets the high-end consumer, and management “prudently embedding” a 170 basis point spread in 2025 between net yields and net cruise costs, the analyst tells investors in a research note.

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