Norwegian Cruise Line price target lowered to $24 from $25 at Loop Capital

Loop Capital lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $24 from $25 and keeps a Buy rating on the shares. The firm notes the 30% pullback in the stock year-to-date but notes that it is favorably disposed to the entire cruise industry as market share gains in the $2T global vacation market would be even more likely in a recession, the analyst tells investors in a research note.