Norwegian Cruise Line price target raised to $20 from $15 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos raised the firm’s price target on Norwegian Cruise Line to $20 from $15 and keeps a Positive rating on the shares. The analyst said while they did give a constructive view on 2023 booking and pricing trends, the outlook for unit costs came in well above consensus, suggesting that EBITDA recovery looks more like a 2H23 event.