Norwegian Cruise Line price target raised to $14.50 from $12 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Norwegian Cruise Line to $14.50 from $12 and keeps an Underweight rating on the shares. The firm raised its estimates ahead of Q2 earnings, citing strengthening trends and reduced balance sheet risk, but stays at Underweight as it argues that the stock’s valuation is “now at a premium on above-trend forward growth assumptions with elevated financial leverage.”