Norwegian Cruise Line price target raised by $1 at Citi, here’s why

Citi raised the firm’s price target on Norwegian Cruise Line to $19 from $18 and keeps a Neutral rating on the shares after meeting with management. The overall tone was encouraging, with management displaying a great deal of confidence in the long-term opportunity for the company while also pointing to continued strength in demand for cruising, the analyst tells investors in a research note. The firm says Norwegian exited Q3 at a record booked position, which has continued through November.