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Norwegian Cruise Line price target lowered to $20 from $21 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Norwegian Cruise Line to $20 from $21 and keeps an Equal Weight rating on the shares ahead of the Q3 report. The analyst expects a Q3 beat, “in-line-ish” Q4 guidance, “solid tone” regarding trending demand into 2024, and a continued recalibration of 2024 costs.

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