Morgan Stanley raised the firm’s price target on Norwegian Cruise Line to $15 from $14 and keeps an Underweight rating on the shares. The firm raised its FY24 EBITDA estimates to reflect updated guidance following the Q4 report last week, but keeps its FY25/26 estimates largely unchanged and still sees Norwegian undertaking “a balancing act between cost containment and net yield,” tempering EBITDA/ALBD growth compared to peers.
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