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Why Is Norwegian Cruise Line Stock Shooting Higher Today?

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Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares are trading higher after Mizuho Securities analyst Ben Chaiken upgraded the shares from Neutral to Buy and raised the price target from $21 to $24.

According to the analyst, valuation has completely reset after about 2 years of significant relative underperformance.

NCLH is streamlining its business like cost cutting, which should drive upside to near term/medium-term estimates, said the analyst.

In the context of a very favorable industry backdrop, the analyst sees upside to yields from NCLH optimizing its fleet itineraries, with a longer-term yield tailwind …

Full story available on Benzinga.com

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