Mizuho analyst Ben Chaiken initiated coverage of Norwegian Cruise Line with a Neutral rating and $21 price target. The analyst believes there is a high probability of conservatism in Norwegian’s yield outlook. However, the stock’s valuation and lack of free cash flow “keep us on the sidelines,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCLH:
- Tesla downgraded, Southwest upgraded: Wall Street’s top analyst calls
- Norwegian Cruise Line initiated with a Neutral at Goldman Sachs
- Norwegian Cruise Line Bolsters Finances and Credit Outlook
- Norwegian Cruise Line price target raised to $15 from $14 at Morgan Stanley
- Norwegian Cruise Line price target raised to $22 from $17 at Macquarie
