BofA analyst Andrew Didora lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $18 from $22 and keeps a Neutral rating on the shares ahead of the company reporting Q3 results on November 1. The firm expects Royal Caribbean (RCL) to remain positive on demand given Carnival’s (CCL) strong booking commentary, solid airline demand commentary for international and premium products and steady pricing in BofA’s recent survey, the analyst tells investors in a preview note. While Norwegian should talk about similar industry dynamics, the firm expects the company to report and guide to slightly weaker revenue growth given its Hawaii and Mid East exposure, the analyst added.
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