Jefferies analyst David Katz initiated coverage of Norwegian Cruise Line (NCLH) with a Buy rating and $25 price target The firm is bullish on the cruise sector, citing “compelling demand” from the trade-down value-travel tailwind and constrained industry supply growth through 2030. As the fourth largest cruise line in the world, there is a lot to like about Norwegian, the analyst tells investors in a research note. The firm sees “reasonable” capacity and sees a relatively new CEO pushing cost efficiency.
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